Nike is set to report earnings on Thursday as investors remain focused on any signs of a consumer slowdown in North America and any impacts from slower growth in China.
Investors are focused on how consumers are holding up amid fears ofn. Challenges in China and the wholesale sector of the business will also be top of mind as Wall Street projects earnings per share and margins to shrink compared to the same period last year.
Nike's stock has stumbled in anticipation. Shares are down 9% over the last month and Wall Street analysts are warning of a subdued report from the athletic apparel behemoth.Revenue: $12.99 billion vs. $12.
Three months ago, Nike CFO Matthew Friend described "strong consumer demand" as a driver for sales during the fourth quarter. Investor's will be on guard for any changes in that lookout ahead of the crucial holiday season. Other retailers have recently warned that the reemergence of student loan payments
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Philippines says China has removed remnants of floating barrier in South China SeaMANILA (Reuters) - The Philippine coastguard said on Tuesday that its Chinese counterpart had already removed remnants of a floating barrier that ...
Lire la suite »
Philippines says China has removed remnants of floating barrier in South China SeaMANILA (Reuters) - The Philippine coastguard said on Tuesday that its Chinese counterpart had already removed remnants of a floating barrier that ...
Lire la suite »
Costco Wholesale beats quarterly revenue estimates(Reuters) - Costco Wholesale topped Wall Street's estimates for quarterly sales on Tuesday as consumers flocked to its stores for cheaper groceries and ...
Lire la suite »
Shopify invests in wholesale platform FaireLONDON (Reuters) - E-commerce giant Shopify is investing in wholesale platform Faire, the companies said on Wednesday, in a global deal that would see ...
Lire la suite »
E-commerce giant Shopify invests in wholesale platform FaireFaire, founded in 2017 and valued at $12.59-billion, would become the recommended wholesale marketplace for Shopify merchants
Lire la suite »
Shopify invests in wholesale platform FaireE-commerce giant Shopify is investing in wholesale platform Faire, the companies said on Wednesday, in a global deal that would see the start-up adopt Shopify technology for its clients. Faire, founded in 2017 and valued at $12.59 billion, would become the recommended wholesale marketplace for Shopify merchants. The companies declined to disclose the value of the deal or how big a stake Shopify was taking.
Lire la suite »