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Cheap air jordans for sale eported that Nike is expected to close on the occasion of the 18th company announced second-quarter earnings. 5th, Nike shares rose 1.38%, the highest water level, multi-market analysts are optimistic about the company. According to FactSet company analysis, multi-national currency devaluation in the face of pressure on the ruble, etc., Nike reflects the strong resilience and the stock market or the current bull market.
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Retro jordans for sale cording to the comprehensive analysis of FactSet company, Nike expects earnings per share will reach 70 cents (about 4.35 yuan), an increase of 11 cents per year. The company's second-quarter sales will reach $ 7.15 billion, an increase of $ 720 million. Wall Street analysts believe that even if the adverse effects of currency conversion by Nike orders within the next five months will continue to expand by 11%, which will lead the growth in the North American market. As of the 17th, Nike shares rose 20.17% annual cumulative, a fourth success Dow Jones Industrial Average.
Following Apple's online store closed in Russia, facing the impact of the devaluation of the ruble, Nike's closely watched pricing and hedging strategies. Company spokesman Greg Rossiter and were not described, but Nike was in September to exchange rubles as critical resistance.
Despite the dollar's appreciation and rising labor costs will also constitute negative factors, but analysts believe that Nike ability to develop new products has improved, even if consumer prices also diminished enthusiasm, this point of view or the margin increased.
In addition, oil and cotton prices also form a good Nike. UBS analyst Michael Binetti pointed out that raw material costs associated with Nike footwear and oil accounted for 40%. Canaccord Genuity analyst Camilo Lyon, said: "From the Nike shoes, women's products, online sales and retail sales point of view, overwhelmed by Nike earnings will be higher than expected in the first quarter of Nike Online sales rose 70 percent in the quarter. or will continue to sustain gains. " (Chinese shoes Network - the most authoritative and most professional shoe News Media Partner:. & Nbsp; Allen Di Sha)