- "Management left little doubt that momentum is continuing into the new fiscal year," writes Deutsche's David Weiner, reiterating a Buy on Nike (NKE +1.2%) following its FQ4 beat. He expects product innovation to allow the shoe giant to raise prices.
- Likewise, Morgan Stanley's Jay Sole declares Nike "remains our top idea." He brushes off concerns about heavy spending, arguing it'll drive future top-line growth.
- JPMorgan's Matthew Ross calls Nike's strong performance in North America, Europe, and China "a regional hat trick," while adding Chinese futures growth (+6% Y/Y) was the highest since FY12. Nike stated on its CC (transcript), the company asserted it's on track towards achieving its goal of "sustainable" double-digit Chinese growth.
- Credit Suisse's Christian Buss (Neutral) is a little more cautious. Buss has cut his FY15 EPS forecast by $0.07 to $3.36, and thinks Nike's inventory growth (+13% Y/Y in FQ4, the highest rate in 2 years) bears monitoring.
- Prior coverage