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Default Womens Nike React
Old 4 Weeks Ago   #1
Join Date: Jan 2019
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Nike shows no signs of slowing down yet as it prepares to report third-quarter earnings on Thursday after market close.The athletic giant has seen its stock soar 22 percent since December Womens Nike React , when it soared past Wall Street's revenue and earnings estimates on double-digit sales growth. Analysts are bullish that it has kept up the momentum with consumers, too, with most forecasting strong results across regions, channels and categories, bolstered by Foot Locker's recent impressive quarter.Nike also stands to potentially gain from the supply-chain issues that competitor Adidas announced last week, which have affected the German company's North American business. "Our checks indicate that the new platforms are helping Nike take market share from a floundering Adidas," said Susquehanna Financial Group analyst Sam Poser in a note. "Lack of innovation out of Adidas footwear is hurting the brand, according to our conversations with retailers , and Nike has taken and continues to take full advantage of Adidas' softening business."The Beaverton, Ore.-based company also has the upper hand thanks to its strong slate of products, including the VaporMax, Air Max 270 and Epic React styles. Several analysts also pointed to the ongoing turnaround of Jordan Brand, which has struggled in recent years due to flagging sales in the basketball category."Having returned to growth in Q2, we expect Jordan to accelerate sequentially in Q3 as we believe sell-thrus continued to strengthen on the back of a sharper launch calendar," said Canaccord Genuity analyst Camilo Lyon. "Nike's strategy of reducing inventory, diversifying the brand… and elevating the story-telling has returned it to a more appropriate demand/supply balance , a trend that is likely to accelerate sales and margins going forward."Other opportunities lie ahead in women's — which currently accounts for less than 25 percent of Nike's sales, despite the overall market being significantly larger than men's. As investment research firm Jane Hali & Associates highlighted in a note to clients, Nordstrom recently added a sneaker drop feature to its site, and Nike dominates the featured product.Finally, Nike grew its digital sales by 34 percent and 42 percent in Q1 and Q2, respectively, and analysts expect the channel to be its strongest growth driver going forward as it continues to invest in personalization and engagement, and launches its SNKRS app in Mexico Womens Nike Air Max , Brazil and Southeast Asia."In all, Nike is executing solid strategies and delivering innovative product to its digitally connected consumer, driving increasingly profitable growth while expanding the market," said Wedbush Securities analyst Christopher Svezia.For the third quarter, consensus estimates forecast revenues of $9.61 billion, with earnings of 65 cents per share — compared with $9 billion and 68 cents per share during the same period last year.Want more?Why Nike’s Stock Just Hit an All-Time High Serena Williams is out at the Miami Open.The tennis star was forced to withdraw from the tournament today due to a previously undisclosed knee injury.Williams has won the Miami Open eight times, with the most recent victory coming in 2015. The Nike-sponsored athlete would have played the Chinese star Wang Qiang, the No. 19 seed cheap Nike sneakers , had she remained in tournament play.“I am disappointed to withdraw from the Miami Open due to a left knee injury...It was an amazing experience to play at the Hard Rock Stadium this year and would like to thank the Miami Open for putting on an amazing event," Williams stated. “I hope to be back next year to play at this one-of-a-kind tournament in front of the incredible fans here in Miami.”The 23-time grand slam champ's exit was unexpected, as she showed no signs of injury during her first-round match against Rebecca Peterson. Women's Tennis Association had no information on how she became injured, either.While Williams' exit is the biggest news to come out of Miami, the 37-year-old is not the only big name to be out early.Naomi Osaka — currently ranked No. 1 globally after winning this year's Australian Open — fell in the round of 32 to Taiwan's Hsieh Su-Wei, going down 4-6, 7-6 (4), 6-3. The 21-year-old's rank could be in jeopardy depending on who wins the tournament.Roger Federer came to close to a second-round exit after losing his first set to Radu Albot but came back to win 4-6 Cheap Nike Shoes , 7-5, 6-3.Click through the gallery to see Serena Williams' on-court style over the years.Want more?Serena Williams Rocks Nike x Off-White Sneakers at the Miami OpenControversial Serena Williams Cartoon Deemed Not Racist by Australian Press Council9 Times Serena Williams Stole the Show in Nike Ads
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