Nike Reports Q4 Gross Margin Decreased 140 bps, Cites 'higher product input costs and elevated freight and logistics costs, higher markdowns and continued unfavorable changes in net foreign currency exchange rates'
Portfolio Pulse from Benzinga Newsdesk
Nike has reported a decrease in Q4 gross margin by 140 basis points. The company attributes this to higher product input costs, elevated freight and logistics costs, higher markdowns, and continued unfavorable changes in net foreign currency exchange rates.
June 29, 2023 | 8:17 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Nike's Q4 gross margin has decreased, which could negatively impact the company's profitability and potentially its stock price.
Nike's gross margin decrease indicates that the company's costs are rising, which could reduce profitability. This could negatively impact investor sentiment and potentially lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100