Nike misses on earnings, but beats on revenues as customers buy more sneakers and sports gear
Publishing timestamp: 2019-06-27 20:18:32
Summary
Nike's fiscal fourth-quarter earnings slightly missed analysts' estimates, but the company saw an increase in revenues driven by strong sales in North America and China. Nike's margins were impacted by investments in direct-to-consumer sales. The company is focusing on growing its women's business and leveraging digital opportunities for future growth. Despite ongoing trade tensions, Nike remains optimistic about its business in China.
Sentiment: MIXED
Keywords: retail industry, breaking news: major, business, breaking news: business, under armour inc, business news, apparel retail, breaking news: earnings, nike inc, lululemon athletica inc, earnings, spdr s&p retail etf,
Source: https://www.cnbc.com/2019/06/27/nike-reports-fiscal-4q-2019-earnings.html