Nike: Gross Margin Outlook Key to Earnings
Nike (NYSE:NKE) is expected to announce its 3rd quarter fiscal 2011 earnings on March 17th.  We take this opportunity to look at what are some of the key aspects to look forward to with regards to upcoming earnings. Nike is the largest global manufacturer of athletic footwear, apparel and equipment by sales volume, and competes with Sketchers (NYSE:SKX), Adidas AG (ETR:ADS), Steven Madden (NASDAQ:SHOO) and K-Swiss (NASDAQ:KSWS) in the global footwear market. It sells its products under several brands including Nike, Nike Golf, Converse, Cole Haan, Umbro, and Hurley. Our price estimate for Nike stands at $77.52, which is about 11% below the current market price.
Stay Tuned for Nike’s Gross Margin Outlook
Some of the developments in the global markets have created uncertainty around Nike’s gross margin outlook and the company has acknowledged these risks. Thus we believe that margin impact will be one of the key aspectsComplete Story »