Gaining momentum, Nike stock can “just do it.”
Nike, already the world’s dominant athletic footwear and apparel brand, hit an all-time high share price on Wednesday, boosted by a successful digital transformation, high demand for athletic products and product innovation that is faster than its competitors.
The company cited new product innovation and investments in e-commerce for helping boost results, as it continues to maintain a leading position in theFurthermore, “Nike’s digital investments continue to bear fruit,” as Jefferies analyst Randal Konik says. Digital sales spiked 42% from a year earlier, as the company has increasingly been investing in apps and online selling platforms—which further helped drive overall sales growth.
Wall Street had a field day with Nike’s first-quarter earnings report, which widely surpassed even the loftiest expectations. Many analysts rushed to upgrade the stock’s price target and rating: Over 70% recommend it as a “buy,” according to Bloomberg data.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
With Its Stock Hitting An All-Time High, Here’s Why Nike Is So DominantWith its stock hitting an all-time high, here’s why Nike is so dominant: by skleb1234
Weiterlesen »
How Nike Keeps Raising the BarNike is going to have to keep on growing really fast if it wants to justify its high stock price. WSJheard reporter jdlahart explains how it might just do it. WSJWhatsNow
Weiterlesen »
Jim Cramer: How Nike keeps delivering results, despite China trade headwindsInstead of being beholden to the trade war, 'Nike's actually the most in control of its own destiny,' Jim Cramer says.
Weiterlesen »
Must Read: New Products Drive Sales at Nike, Olivier Rousteing's Backstory Revealed in New DocMust Read: New Products Drive Sales at Nike, Olivier Rousteing's Backstory Revealed in New Doc:
Weiterlesen »
Score an Extra 25% off Our Favorite Nike Shoes and Apparel Now$90 $67.50\r\nThe best features of running pants and tights come together in the Phenom. The lightweight Dri-Fit fabric hugs your legs enough to promote circulation, making this the perfect layer for when the temperatures dip too low for shorts.
Weiterlesen »
Nike Is Having a Flash Sale and It’s Really, Really GoodNo pressure...but the sale ends at 9 P.M. PST tonight! 👀
Weiterlesen »