Nike's earnings seen slipping


Nike's (NKE) FQ3 earnings are due out after the bell, with analysts expecting that EPS slipped to $0.72 from $0.73 even as sales climbed 8.1% to $6.69B.

"Nike is facing increasing competition in its apparel business," notes SA author Leigh Drogen. Under Armour "is beginning to challenge Nike in the high-end sportswear market" in the U.S., although the latter "has a much stronger international presence" and is far bigger.  

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Comments (2)
  • User 509088
    , contributor
    Comments (1678) | Send Message
     
    s.a. has been selling underarmour as a giant killer almost as long as the leotard company.

     

    there are very few items in the marketplace which many people feel they must have. it's not moisture wicking gitch, or see thru yoga pants, it's nike runners.

     

    in this time of limited employment and wages like those of bob cratchit's, these high end shoes and related gear continue to be socially important at all levels of society.

     

    a person can go to computershare and buy one share of nike and start their fortune any time they like.

     

    and when it reaches $100 or so, it splits, so others can join the parade.

     

    it's an American dream stock, nike.
    20 Mar 2014, 08:03 AM Reply Like
  • sixofhearts
    , contributor
    Comments (6) | Send Message
     
    You are correct 509088. Social demand and identity with this brand are huge. FQ3 2014 EPS $0.75 and Revenue 6.895. Long NKE.
    20 Mar 2014, 01:54 PM Reply Like
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