Nike issues strong FQ1 guidance

|About: Nike Inc. (NKE)|By:, SA News Editor

Nike (NKE) guides on its FQ4 CC for FQ1 revenue to grow at a low-double digit rate; that's favorable to a 9.5% consensus. FY15 (ends May '15) guidance for high-single digit revenue growth is in-line with an 8.6% consensus.

Gross margin is expected to be up 75 bps Y/Y in FQ1 and FY15. GM was up 170 bps Y/Y in FQ4.

Chinese sales are expected to be grow at a high-single digit rate in FY15; Chinese futures were up 6% Y/Y at the end of FQ4.

NKE +3.6% AH. FQ4 results, futures/details.