Nike Exec Said Continue To Expect Reported Revenue To Grow Mid-single Digits For Full Year; Cautiously Planning For Modest Markdown Improvements For The Balance Of The Year Given The Promotional Environment
Portfolio Pulse from Charles Gross
During a conference call, a Nike executive stated that they continue to expect reported revenue to grow in the mid-single digits for the full year. They are also cautiously planning for modest markdown improvements for the rest of the year, given the promotional environment.
September 28, 2023 | 9:37 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Nike's revenue is expected to grow in the mid-single digits for the full year. The company is also planning for modest markdown improvements for the rest of the year due to the promotional environment.
The news directly pertains to Nike's financial performance. The expectation of mid-single digit revenue growth and plans for modest markdown improvements indicate a positive outlook for the company, which could potentially lead to a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100