With its customer-centric approach, innovative products and robust portfolio, NIKE, Inc. (NKE - Free Report) holds a dominant position in the footwear and athletic apparel industry. Also, the company continues to seek opportunities for expanding its global footprint and market share via acquisitions, contracts to supply sports-related assortments, along with the development of its eCommerce and direct-to-consumer (DTC) business model.
NIKE’s strong portfolio of globally recognized brands like NIKE, Converse and others, coupled with its focus on innovation have further strengthened its leadership position.
Notably, NIKE has in its kitty, contracts for supplying the official uniforms and apparel for the National Basketball Association and National Football League. Also, it is the footwear and apparel provider of USA Basketball, the governing body for the country’s Olympic teams since 2006. Further, it boasts a strong balance sheet, which offers it the financial flexibility to drive future growth.
All these factors have helped NIKE to keep its positive earnings surprise streak alive for the seventeenth straight quarter when it posted solid first-quarter fiscal 2017 results. The quarter also marked a top-line beat after three consecutive misses. Moreover, results improved year over year, largely driven by a robust summer that saw events like the Rio Olympics and European soccer championship. (Read: NIKE Tops Q1 Earnings, Soft Future Orders Hurt Stock)
However, results were somewhat hurt by sluggish future orders. Also, NIKE’s inventory position depicted a slowdown in its merchandise sales, posing concerns. Moreover, the company faces competition in both domestic and international markets from local as well as established players, such as Adidas AG (ADDYY - Free Report) (including Reebok), Deckers Outdoor Corp. (DECK - Free Report) , Under Armour, Inc. (UA - Free Report) and Puma.
Confidential from Zacks
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
With its customer-centric approach, innovative products and robust portfolio, NIKE, Inc. (NKE - Free Report) holds a dominant position in the footwear and athletic apparel industry. Also, the company continues to seek opportunities for expanding its global footprint and market share via acquisitions, contracts to supply sports-related assortments, along with the development of its eCommerce and direct-to-consumer (DTC) business model.
NIKE’s strong portfolio of globally recognized brands like NIKE, Converse and others, coupled with its focus on innovation have further strengthened its leadership position.
Notably, NIKE has in its kitty, contracts for supplying the official uniforms and apparel for the National Basketball Association and National Football League. Also, it is the footwear and apparel provider of USA Basketball, the governing body for the country’s Olympic teams since 2006. Further, it boasts a strong balance sheet, which offers it the financial flexibility to drive future growth.
All these factors have helped NIKE to keep its positive earnings surprise streak alive for the seventeenth straight quarter when it posted solid first-quarter fiscal 2017 results. The quarter also marked a top-line beat after three consecutive misses. Moreover, results improved year over year, largely driven by a robust summer that saw events like the Rio Olympics and European soccer championship. (Read: NIKE Tops Q1 Earnings, Soft Future Orders Hurt Stock)
However, results were somewhat hurt by sluggish future orders. Also, NIKE’s inventory position depicted a slowdown in its merchandise sales, posing concerns. Moreover, the company faces competition in both domestic and international markets from local as well as established players, such as Adidas AG (ADDYY - Free Report) (including Reebok), Deckers Outdoor Corp. (DECK - Free Report) , Under Armour, Inc. (UA - Free Report) and Puma.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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