Nike, Inc. - Ordinary Shares - Class B

NYSE:NKE   11:40:26 AM EDT
172.78
+0.87 (+0.51%)
Officer Changes, Other Pre-Announcement

Nike Expects Fiscal 2022 Revenue To Grow In Low-Single Digits

Published: 06/25/2021 00:32 GMT
Nike, Inc. - Ordinary Shares - Class B (NKE) - Nike Inc CFO - Continue to See Retail Sales Growth, Consumer Demand Exceeding Supply With Inventory Down Double Digits Versus Prior Year - Conf Call.
Nike Inc CFO - on China, Says Business Was Impacted in April, Adjusted Operations by Suspending Marketing Activities and Product Launches.
Nike Inc CFO - on China, Says Began to See Recovery, Improving to Single-digit Decline in May, Sequentially Improving Into June.
Nike Inc CFO - on China, Says Month-to-date Retail Sales Trends Approaching Prior Year Levels.
Nike Inc - Expect Fiscal 2022 Revenue to Grow in Low-single Digits and Cross $50 Billion.
Nike Inc - Expect First Half Growth to Be Slightly Higher Than Second Half Growth.
Nike Inc - Expect FY22 Gross Margin to Expand 125 to 150 Basis Points, Reflecting Shift to Nike Direct Business and Full Price Realization.