After several lackluster quarters on behalf of soft North American sales, the company's strategic efforts have regrew sales potential.
Strong growth in Emerging Markets and its eCommerce platform - Nike.com, expected to top $2B in sales contribution, have boosted overall sales growth.
I believe the company's strategic efforts will results in an easy earnings and sales beat and that the company will up their FY guidance.
I have a $58 to $60 PT for the post earnings move, lasting 30-60 days.
Strong growth in Emerging Markets and its eCommerce platform - Nike.com, expected to top $2B in sales contribution, have boosted overall sales growth.
I believe the company's strategic efforts will results in an easy earnings and sales beat and that the company will up their FY guidance.
I have a $58 to $60 PT for the post earnings move, lasting 30-60 days.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.