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Just Don't Worry About Trade? What China Means for Nike Earnings

How big of a part will China play in Nike's upcoming fourth quarter earnings, which are expected after the bell. Action Alerts PLUS senior analyst Jeff Marks breaks it down.
Updated

Can Nike (NKE - Get Report) just do it?

 Analysts expect Nike to report earnings per share of 66 cents on revenue of $10.15 billion.

But how much will China weigh into Nike's fourth quarter and expectations going forward as investors continue to wait for clarity on trade?

 Action Alerts PLUS senior analyst Jeff Marks breaks down what to expect in Nike's earnings report.

"I think what you need to remember about Nike is that they're an international brand. They're huge. They're all over the place. So even though part of their supply chain is going to be bought in China, that doesn't necessarily mean that the Chinese goods are going to have to be imported from the U.S. And I think that's kind of what has helped them mitigate the tariffs so far because say, you know, they could, they could have production out in Vietnam and that gets important to the U.S., but all the Chinese supply chain, that part of their supply chain can get distributed all across the rest of the world," said Marks.  

Related. Will This Nike Trade Send Me to Burger King or B Dubs?

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Summary | 2 Annotations
I think what you need to remember about Nike is that they're an international brand. They're huge. They're all over the place. So even though part of their supply chain is going to be bought in China, that doesn't necessarily mean that the Chinese goods are going to have to be imported from the U.S. And I think that's kind of what has helped them mitigate the tariffs so far because say, you know, they could, they could have production out in Vietnam and that gets important to the U.S., but all the Chinese supply chain, that part of their supply chain can get distributed all across the rest of the world
2019/06/27 15:51
Analysts expect Nike to report earnings per share of 66 cents on revenue of $10.15 billion.
2019/06/27 15:51