2Dยท

NIKE EARNINGS CALL

Update: it will hurt future sales.


$NKE (-6.85%) guides next Q revenue down low double digit % vs -6.5% est and -7.7% this quarter.


Things getting worse not better.


Turnaround pushed out.


Shares now lower in response, falling 1500bps top to bottom.


$NKE Guides Q3 Rev low double digit decline y/y v -7.3%e, Gross margin -300 to -350 bps y/y; Expect greater headwind in Q4 than in Q3 from CEO's recently outlined plan - earnings call comments (NIKE Inc)

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