Nike: Gross Margin Outlook Key to Earnings

Trefis submits:

Trefis submits: Nike (NYSE:NKE) is the largest global manufacturer of athletic footwear, apparel and equipment by sales volume, and competes with Sketchers (NYSE:SKX), Adidas AG (ETR:ADS), Steve Madden (NASDAQ:SHOO) and K-Swis

Trefis submits: Nike Inc. (NKE) is the world’s largest manufacturer of athletic footwear, apparel and equipment. Nike’s 2009 sales totaled nearly $18.5 billion, far ahead of competitors like Adidas AG (ADDYY.PK) and Puma.

Nike just reported earnings, and shares are surging. The footwear and apparel maker reported adjusted earnings per share of $0.73 versus analysts' expectations of $0.67 per share. Revenue from continuing operations came in at $6.19 billion, a bit less than the $6.23 billion expected.

By Robert Broens: Shares of Nike (NKE) rose some 1.9% in Friday's trading session. The athletic footwear and apparel company announced the sale of its Cole Haan brand to Apax Partners, for $570 million. The Deal

By Theflyonthewall: Nike (NKE) is expected to report Q4 earnings after the market close on Thursday, June 28 with a conference call scheduled for 5:00 pm ET.

Trefis submits: Nike (NKE) is the world’s largest manufacturer (by sales) of athletic footwear, apparel and equipment. The company traditionally competes with manufacturers like Adidas (PINK:ADDYY), Puma (ETR:PUM) and Reebok. Our price estimate for Nike’s stock stands at $77.52, which is about 8% below market price.

Trefis submits: Nike (NYSE: NKE) is the world’s largest manufacturer of athletic footwear, apparel and equipment by sales. The company competes with the likes of Adidas (ADDYY.PK), Puma (PMMAF.PK) and Reebok.