Nike Earnings Preview: Odds Are Stacked Against The Stock

Summary:

  • Nike has a bearish-leaning setup into Q4 earnings this week.
  • I’m looking for progress on comparable sales, gross margins, and SG&A costs, but the bar to clear is high.
  • I’m neutral going into the report, but the odds are that this resolves in a bearish manner.

Air Jordan store exterior

Robert Way/iStock Editorial via Getty Images

Shoe legend Nike (NYSE:NKE) is set to report earnings this week, and the stock is heading into the report on the backfoot. Nike’s had its fair share of revenue and margin challenges, so when

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comparable sales

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gross margins

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SG&A margins

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forward P/E

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