Seeking Alpha

Nike issues strong FQ1 guidance

  • 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.
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Comments (1)
  • agaptrader
    , contributor
    Comments (66) | Send Message
     
    This will open at an all time high of 80 tomorrow because of it's earnings play. Need to be careful to play at this level. Nice break out at this level if it goes above 80 but I doubt it will remain there.

     

    Check out more stock commentaries and day trading strategies at my website. These are personal views for discussion/education purpose only, so do read full disclosure at my site.
    26 Jun 2014, 06:47 PM Reply Like
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