After several lackluster quarters on behalf of soft North American sales, the company's strategic efforts have regrew sales potential.
Strong growth in Emerging Markets and its eCommerce platform - Nike.com, expected to top $2B in sales contribution, have boosted overall sales growth.
I believe the company's strategic efforts will results in an easy earnings and sales beat and that the company will up their FY guidance.
I have a $58 to $60 PT for the post earnings move, lasting 30-60 days.
Strong growth in Emerging Markets and its eCommerce platform - Nike.com, expected to top $2B in sales contribution, have boosted overall sales growth.
I believe the company's strategic efforts will results in an easy earnings and sales beat and that the company will up their FY guidance.
I have a $58 to $60 PT for the post earnings move, lasting 30-60 days.
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