March 22, 2018 / 10:12 PM / a month ago

BRIEF-Nike Expects Q4 Revenue To Grow In High Single-Digit Range- Conf. Call‍​

March 22 (Reuters) - Nike Inc:

* NIKE INC SAYS “BECAME AWARE OF SOME BEHAVIORAL ISSUES THAT ARE INCONSISTENT WITH NIKE’S VALUES OF INCLUSIVITY, RESPECT AND EMPOWERMENT” - CONF. CALL‍​

* NIKE INC SAYS NOW EXPECT TO GROW NIKE AIR BUSINESS BY SEVERAL BILLION DOLLARS OVER NEXT FEW YEARS

* NIKE INC SAYS SAW STRONG CONSUMER RESPONSE FOR NIKEPLUS MEMBERSHIP IN Q3 WITH NEW MEMBERS RISING MORE THAN 50% VERSUS THE SAME PERIOD LAST YEAR

* NIKE INC SAYS IN Q4, TO DEBUT NEW CONCEPT CALLED NIKE APP AT RETAIL AT THE GROVE IN LOS ANGELES AND IN PORTLAND‍​

* NIKE INC SAYS ACQUIRED CONSUMER DATA AND ANALYTICS FIRM NAMED ZODIAC

* NIKE INC SAYS ZODIAC WILL PRIMARY FOCUS ON NIKEPLUS MEMBERS

* NIKE INC SAYS SPORTSWEAR CATEGORY CONTINUES TO GROW DOUBLE DIGITS WITH STRONG GROWTH ACROSS BOTH FOOTWEAR AND APPAREL

* NIKE INC SAYS NIKE NORTH AMERICA REVENUE IS PROJECTED TO BE ROUGHLY FLAT TO PRIOR YEAR IN Q4 AND RETURN TO GROWTH IN FIRST HALF OF FISCAL YEAR 2019

* NIKE SAYS EXPECT Q4 REPORTED REVENUE TO GROW IN HIGH SINGLE-DIGIT RANGE, EXPECT ROUGHLY FLAT Q4 GROSS MARGIN TO VERY SLIGHTLY UP VERSUS PRIOR YEAR

* NIKE SAYS CURRENTLY EXPECT FISCAL YEAR ‘19 REPORTED REVENUE GROWTH IN THE MID TO HIGH SINGLE-DIGIT RANGE Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below