The big takeaway from Nike's (NKE) FQ1 report is that weakening demand in China is hard to...

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

The big takeaway from Nike's (NKE) FQ1 report is that weakening demand in China is hard to ignore, according to analysts. Current and future orders for the Nike brand in China came in below consensus estimates without any relief in sight. On the bright side, surging revenue in the U.S. and a beat on gross margins gives bulls something to hang their hat on. (earnings: I, II)