Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion

57
10
Favorite

Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion

cnbc2021-03-19

KEY POINTS Congested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday. In North America, revenue ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（10）

Nebhol
·2021-03-19
Buy
Reply
Like
Report
lyj893
·2021-03-19
Comment pls
Reply
5
Report
Kan01
·2021-03-19
Thats bad
Reply
2
Report
Davidgoh18
·2021-03-19
Monitor for entry point
Reply
Like
Report
Fold Replies
- Gunners80:
  buy on dips
  2021-03-19
  Reply
  Report
真的钻石手
·2021-03-19
Chris sain’s savings account just dipped
Reply
Like
Report
Longshot
·2021-03-19
Comment pls
Reply
1
Report
Fold Replies
- fortunegod:
  ??
  2021-03-19
  Reply
  Report
- boonhong21:
  Please replyy
  2021-03-19
  Reply
  Report
xoxoll
·2021-03-19
Help me to like and comment
Reply
3
Report
Fold Replies
- xoxoll:
  Thank you
  2021-03-21
  Reply
  Report
- xoxoll:
  ThanK you
  2021-03-21
  Reply
  Report
- boonhong21:
  Please reply
  2021-03-19
  Reply
  Report
View more 2 comments
Jojofi
·2021-03-19
Noted
Reply
3
Report
Fold Replies
- xoxoll:
  Help me to like and comment
  2021-03-19
  Reply
  Report
- boonhong21:
  Please reply
  2021-03-19
  Reply
  Report
Shifeng
·2021-03-19
Same as Adidas. It will go even further as all money went into stocks and bonds, nobody buy shoes in the shop!
Reply
Like
Report
Nickeando
·2021-03-19
Please comment and like tks
Reply
4
Report
Fold Replies
- jaceojy:
  Cmt
  2021-03-19
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1187125357?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-19 08:28","share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","id":"1187125357","market":"us","top_or_hot":-1,"title":"Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion","media":"cnbc","content":"<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NKE","symbol_name":"耐克","start_time":0,"source_url":"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html","article_id":"1187125357","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1187125357","pubTimestamp":1616113705,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nik","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NKE":"耐克"},"translate_title":"受美国港口拥堵影响，耐克发布业绩喜忧参半，销售低于预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NKE":0.9},"content_text":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue dropped 10% year over year, as Nike said shipments have been delayed by more than three weeks.\nBut Nike continued to see momentum online. Its e-commerce sales surged 59% during the period.\n\nNike on Thursday reported higher third-quarter profits even though sales growth was hurt by widespread port congestion in the United States and ongoing store closures in Europe.\nAlthough the global health crisis still leaves an overhang of uncertainty, Nike said it anticipates lockdowns will start to ease in Europe in April, and delivery windows will slowly improve in North America through the remainder of the year.\nIts shares were down more than 2% in after-hours trading.\nHere’s how Nike did during the quarter ended Feb. 28, compared with what analysts were expecting, based on a survey by Refinitiv:\n\nEarnings per share: 90 cents vs. 76 cents expected\nRevenue: $10.36 billion vs. $11.02 billion expected\n\nNike reported net income of $1.45 billion, or 90 cents per share, compared with $847 million, or 53 cents per share, a year earlier. That was better than the 76 cents per share that analysts were expecting, based on Refinitiv data.\nTotal sales rose to $10.36 billion from $10.1 billion a year earlier. That was lower than the $11.02 billion forecast by analysts.\nIn North America, revenue dropped 10% year over year, hurt by shipment delays that Nike said have been dragging on for more than three weeks. That also meant sales at its wholesale partners were affected, as businesses such as department stores and sporting goods outlets didn’t receive goods on time. They’ll likely now need to discount some of that merchandise to make space on the shelf for more in-season styles.\nBacklogged West Coast ports, a global container shortage, and a truck driver shortage in the U.S. continue to be headaches for businesses from Nordstrom to Urban Outfitters to Peloton. Many have said they expect these issues to drag on until the second half of the year.\nIn its Europe, Middle East and Africa region, Nike said, sales at its brick-and-mortar retail stores dropped due to pandemic-related closures and restrictions while digital sales in those markets grew 60% in the latest period. It said about 60% of its stores in the region are open today, with some operating on reduced hours.\nIn Greater China, a region that is further along in recovering from the pandemic, sales climbed 51%.\nNike offered an outlook for the current quarter and fiscal year that anticipates inventory transit times will improve slowly across North America from here and lockdowns will ease across Europe come April.\nIt’s forecasting fiscal 2021 revenue to rise by a low-to-mid-teens percentage from the prior year. Analysts had been calling for full-year revenue growth of 15.9%, according to Refinitiv.\nFourth-quarter sales are expected by the company to be up 75% year over year, as the company laps a period when 90% of its owned stores were shut due to the pandemic. Analysts had been looking for growth of 64.3%.\nOnline sales get a boost from livestreaming\nNike’s direct-to-consumer business grew 20% year over year, to $4 billion. And online sales for the Nike brand surged 59%, as consumers looked to add new sneakers and athletic gear to their wardrobes, even if they were stuck at home. The company said it booked $1 billion in sales online in North America for the first time.\n“We continue to see the value of a more direct, digitally-enabled strategy, fueling even greater potential for Nike over the long term,” Chief Financial Officer Matt Friend said.\nNike’s e-commerce business is still on track to account for at least 50% of sales in the coming years, the company said. Nike has been investing more in digital, including its popular SNKRS app, to reach younger consumers online and reduce its reliance on third-party partners.\nIt also said it has recently had success testing new livestreaming formats, which remain more popular in Asia than in the U.S. But other companies, including Nordstrom and Walmart, are experimenting in America, too. During the third quarter, Nike said it started livestreaming in Japan, Germany and Italy.\n“We’re seeing phenomenal engagement for this live interaction, with average viewing doubling,” Chief Executive Officer John Donahoe said.\nNike shares are up more than 110% over the past 12 months, as of Thursday’s market close. It has a market cap of more than $225 billion.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":327487821,"gmtCreate":1616117532463,"gmtModify":1704791152867,"author":{"id":"3567411499210880","authorId":"3567411499210880","name":"Nebhol","avatar":"https://static.tigerbbs.com/b0bfc2a45b91e41a283614268857b3a5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3567411499210880","authorIdStr":"3567411499210880"},"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327487821","repostId":1187125357,"repostType":4,"repost":{"id":"1187125357","kind":"news","pubTimestamp":1616113705,"share":"https://ttm.financial/m/news/1187125357?lang=&edition=fundamental","pubTime":"2021-03-19 08:28","market":"us","language":"en","title":"Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion","url":"https://stock-news.laohu8.com/highlight/detail?id=1187125357","media":"cnbc","summary":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nik","content":"<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克"},"source_url":"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1187125357","content_text":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue dropped 10% year over year, as Nike said shipments have been delayed by more than three weeks.\nBut Nike continued to see momentum online. Its e-commerce sales surged 59% during the period.\n\nNike on Thursday reported higher third-quarter profits even though sales growth was hurt by widespread port congestion in the United States and ongoing store closures in Europe.\nAlthough the global health crisis still leaves an overhang of uncertainty, Nike said it anticipates lockdowns will start to ease in Europe in April, and delivery windows will slowly improve in North America through the remainder of the year.\nIts shares were down more than 2% in after-hours trading.\nHere’s how Nike did during the quarter ended Feb. 28, compared with what analysts were expecting, based on a survey by Refinitiv:\n\nEarnings per share: 90 cents vs. 76 cents expected\nRevenue: $10.36 billion vs. $11.02 billion expected\n\nNike reported net income of $1.45 billion, or 90 cents per share, compared with $847 million, or 53 cents per share, a year earlier. That was better than the 76 cents per share that analysts were expecting, based on Refinitiv data.\nTotal sales rose to $10.36 billion from $10.1 billion a year earlier. That was lower than the $11.02 billion forecast by analysts.\nIn North America, revenue dropped 10% year over year, hurt by shipment delays that Nike said have been dragging on for more than three weeks. That also meant sales at its wholesale partners were affected, as businesses such as department stores and sporting goods outlets didn’t receive goods on time. They’ll likely now need to discount some of that merchandise to make space on the shelf for more in-season styles.\nBacklogged West Coast ports, a global container shortage, and a truck driver shortage in the U.S. continue to be headaches for businesses from Nordstrom to Urban Outfitters to Peloton. Many have said they expect these issues to drag on until the second half of the year.\nIn its Europe, Middle East and Africa region, Nike said, sales at its brick-and-mortar retail stores dropped due to pandemic-related closures and restrictions while digital sales in those markets grew 60% in the latest period. It said about 60% of its stores in the region are open today, with some operating on reduced hours.\nIn Greater China, a region that is further along in recovering from the pandemic, sales climbed 51%.\nNike offered an outlook for the current quarter and fiscal year that anticipates inventory transit times will improve slowly across North America from here and lockdowns will ease across Europe come April.\nIt’s forecasting fiscal 2021 revenue to rise by a low-to-mid-teens percentage from the prior year. Analysts had been calling for full-year revenue growth of 15.9%, according to Refinitiv.\nFourth-quarter sales are expected by the company to be up 75% year over year, as the company laps a period when 90% of its owned stores were shut due to the pandemic. Analysts had been looking for growth of 64.3%.\nOnline sales get a boost from livestreaming\nNike’s direct-to-consumer business grew 20% year over year, to $4 billion. And online sales for the Nike brand surged 59%, as consumers looked to add new sneakers and athletic gear to their wardrobes, even if they were stuck at home. The company said it booked $1 billion in sales online in North America for the first time.\n“We continue to see the value of a more direct, digitally-enabled strategy, fueling even greater potential for Nike over the long term,” Chief Financial Officer Matt Friend said.\nNike’s e-commerce business is still on track to account for at least 50% of sales in the coming years, the company said. Nike has been investing more in digital, including its popular SNKRS app, to reach younger consumers online and reduce its reliance on third-party partners.\nIt also said it has recently had success testing new livestreaming formats, which remain more popular in Asia than in the U.S. But other companies, including Nordstrom and Walmart, are experimenting in America, too. During the third quarter, Nike said it started livestreaming in Japan, Germany and Italy.\n“We’re seeing phenomenal engagement for this live interaction, with average viewing doubling,” Chief Executive Officer John Donahoe said.\nNike shares are up more than 110% over the past 12 months, as of Thursday’s market close. It has a market cap of more than $225 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327418696,"gmtCreate":1616116420015,"gmtModify":1704791133881,"author":{"id":"3560426409941126","authorId":"3560426409941126","name":"lyj893","avatar":"https://static.tigerbbs.com/2565d9a5280064e66bfaadce594b1683","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3560426409941126","authorIdStr":"3560426409941126"},"htmlText":"Comment pls","listText":"Comment pls","text":"Comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327418696","repostId":1187125357,"repostType":4,"repost":{"id":"1187125357","kind":"news","pubTimestamp":1616113705,"share":"https://ttm.financial/m/news/1187125357?lang=&edition=fundamental","pubTime":"2021-03-19 08:28","market":"us","language":"en","title":"Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion","url":"https://stock-news.laohu8.com/highlight/detail?id=1187125357","media":"cnbc","summary":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nik","content":"<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克"},"source_url":"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1187125357","content_text":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue dropped 10% year over year, as Nike said shipments have been delayed by more than three weeks.\nBut Nike continued to see momentum online. Its e-commerce sales surged 59% during the period.\n\nNike on Thursday reported higher third-quarter profits even though sales growth was hurt by widespread port congestion in the United States and ongoing store closures in Europe.\nAlthough the global health crisis still leaves an overhang of uncertainty, Nike said it anticipates lockdowns will start to ease in Europe in April, and delivery windows will slowly improve in North America through the remainder of the year.\nIts shares were down more than 2% in after-hours trading.\nHere’s how Nike did during the quarter ended Feb. 28, compared with what analysts were expecting, based on a survey by Refinitiv:\n\nEarnings per share: 90 cents vs. 76 cents expected\nRevenue: $10.36 billion vs. $11.02 billion expected\n\nNike reported net income of $1.45 billion, or 90 cents per share, compared with $847 million, or 53 cents per share, a year earlier. That was better than the 76 cents per share that analysts were expecting, based on Refinitiv data.\nTotal sales rose to $10.36 billion from $10.1 billion a year earlier. That was lower than the $11.02 billion forecast by analysts.\nIn North America, revenue dropped 10% year over year, hurt by shipment delays that Nike said have been dragging on for more than three weeks. That also meant sales at its wholesale partners were affected, as businesses such as department stores and sporting goods outlets didn’t receive goods on time. They’ll likely now need to discount some of that merchandise to make space on the shelf for more in-season styles.\nBacklogged West Coast ports, a global container shortage, and a truck driver shortage in the U.S. continue to be headaches for businesses from Nordstrom to Urban Outfitters to Peloton. Many have said they expect these issues to drag on until the second half of the year.\nIn its Europe, Middle East and Africa region, Nike said, sales at its brick-and-mortar retail stores dropped due to pandemic-related closures and restrictions while digital sales in those markets grew 60% in the latest period. It said about 60% of its stores in the region are open today, with some operating on reduced hours.\nIn Greater China, a region that is further along in recovering from the pandemic, sales climbed 51%.\nNike offered an outlook for the current quarter and fiscal year that anticipates inventory transit times will improve slowly across North America from here and lockdowns will ease across Europe come April.\nIt’s forecasting fiscal 2021 revenue to rise by a low-to-mid-teens percentage from the prior year. Analysts had been calling for full-year revenue growth of 15.9%, according to Refinitiv.\nFourth-quarter sales are expected by the company to be up 75% year over year, as the company laps a period when 90% of its owned stores were shut due to the pandemic. Analysts had been looking for growth of 64.3%.\nOnline sales get a boost from livestreaming\nNike’s direct-to-consumer business grew 20% year over year, to $4 billion. And online sales for the Nike brand surged 59%, as consumers looked to add new sneakers and athletic gear to their wardrobes, even if they were stuck at home. The company said it booked $1 billion in sales online in North America for the first time.\n“We continue to see the value of a more direct, digitally-enabled strategy, fueling even greater potential for Nike over the long term,” Chief Financial Officer Matt Friend said.\nNike’s e-commerce business is still on track to account for at least 50% of sales in the coming years, the company said. Nike has been investing more in digital, including its popular SNKRS app, to reach younger consumers online and reduce its reliance on third-party partners.\nIt also said it has recently had success testing new livestreaming formats, which remain more popular in Asia than in the U.S. But other companies, including Nordstrom and Walmart, are experimenting in America, too. During the third quarter, Nike said it started livestreaming in Japan, Germany and Italy.\n“We’re seeing phenomenal engagement for this live interaction, with average viewing doubling,” Chief Executive Officer John Donahoe said.\nNike shares are up more than 110% over the past 12 months, as of Thursday’s market close. It has a market cap of more than $225 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327437532,"gmtCreate":1616116017726,"gmtModify":1704791127893,"author":{"id":"3578896275583083","authorId":"3578896275583083","name":"Kan01","avatar":"https://static.tigerbbs.com/2eb15fc332d92a2ad794e4d607a68fa7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578896275583083","authorIdStr":"3578896275583083"},"htmlText":"Thats bad","listText":"Thats bad","text":"Thats bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327437532","repostId":1187125357,"repostType":4,"repost":{"id":"1187125357","kind":"news","pubTimestamp":1616113705,"share":"https://ttm.financial/m/news/1187125357?lang=&edition=fundamental","pubTime":"2021-03-19 08:28","market":"us","language":"en","title":"Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion","url":"https://stock-news.laohu8.com/highlight/detail?id=1187125357","media":"cnbc","summary":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nik","content":"<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克"},"source_url":"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1187125357","content_text":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue dropped 10% year over year, as Nike said shipments have been delayed by more than three weeks.\nBut Nike continued to see momentum online. Its e-commerce sales surged 59% during the period.\n\nNike on Thursday reported higher third-quarter profits even though sales growth was hurt by widespread port congestion in the United States and ongoing store closures in Europe.\nAlthough the global health crisis still leaves an overhang of uncertainty, Nike said it anticipates lockdowns will start to ease in Europe in April, and delivery windows will slowly improve in North America through the remainder of the year.\nIts shares were down more than 2% in after-hours trading.\nHere’s how Nike did during the quarter ended Feb. 28, compared with what analysts were expecting, based on a survey by Refinitiv:\n\nEarnings per share: 90 cents vs. 76 cents expected\nRevenue: $10.36 billion vs. $11.02 billion expected\n\nNike reported net income of $1.45 billion, or 90 cents per share, compared with $847 million, or 53 cents per share, a year earlier. That was better than the 76 cents per share that analysts were expecting, based on Refinitiv data.\nTotal sales rose to $10.36 billion from $10.1 billion a year earlier. That was lower than the $11.02 billion forecast by analysts.\nIn North America, revenue dropped 10% year over year, hurt by shipment delays that Nike said have been dragging on for more than three weeks. That also meant sales at its wholesale partners were affected, as businesses such as department stores and sporting goods outlets didn’t receive goods on time. They’ll likely now need to discount some of that merchandise to make space on the shelf for more in-season styles.\nBacklogged West Coast ports, a global container shortage, and a truck driver shortage in the U.S. continue to be headaches for businesses from Nordstrom to Urban Outfitters to Peloton. Many have said they expect these issues to drag on until the second half of the year.\nIn its Europe, Middle East and Africa region, Nike said, sales at its brick-and-mortar retail stores dropped due to pandemic-related closures and restrictions while digital sales in those markets grew 60% in the latest period. It said about 60% of its stores in the region are open today, with some operating on reduced hours.\nIn Greater China, a region that is further along in recovering from the pandemic, sales climbed 51%.\nNike offered an outlook for the current quarter and fiscal year that anticipates inventory transit times will improve slowly across North America from here and lockdowns will ease across Europe come April.\nIt’s forecasting fiscal 2021 revenue to rise by a low-to-mid-teens percentage from the prior year. Analysts had been calling for full-year revenue growth of 15.9%, according to Refinitiv.\nFourth-quarter sales are expected by the company to be up 75% year over year, as the company laps a period when 90% of its owned stores were shut due to the pandemic. Analysts had been looking for growth of 64.3%.\nOnline sales get a boost from livestreaming\nNike’s direct-to-consumer business grew 20% year over year, to $4 billion. And online sales for the Nike brand surged 59%, as consumers looked to add new sneakers and athletic gear to their wardrobes, even if they were stuck at home. The company said it booked $1 billion in sales online in North America for the first time.\n“We continue to see the value of a more direct, digitally-enabled strategy, fueling even greater potential for Nike over the long term,” Chief Financial Officer Matt Friend said.\nNike’s e-commerce business is still on track to account for at least 50% of sales in the coming years, the company said. Nike has been investing more in digital, including its popular SNKRS app, to reach younger consumers online and reduce its reliance on third-party partners.\nIt also said it has recently had success testing new livestreaming formats, which remain more popular in Asia than in the U.S. But other companies, including Nordstrom and Walmart, are experimenting in America, too. During the third quarter, Nike said it started livestreaming in Japan, Germany and Italy.\n“We’re seeing phenomenal engagement for this live interaction, with average viewing doubling,” Chief Executive Officer John Donahoe said.\nNike shares are up more than 110% over the past 12 months, as of Thursday’s market close. It has a market cap of more than $225 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327494388,"gmtCreate":1616115240844,"gmtModify":1704791111346,"author":{"id":"3569149523842919","authorId":"3569149523842919","name":"Davidgoh18","avatar":"https://static.tigerbbs.com/71f448e2dc5894b50df2e08bdf98ded4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3569149523842919","authorIdStr":"3569149523842919"},"htmlText":"Monitor for entry point","listText":"Monitor for entry point","text":"Monitor for entry point","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/327494388","repostId":1187125357,"repostType":4,"repost":{"id":"1187125357","kind":"news","pubTimestamp":1616113705,"share":"https://ttm.financial/m/news/1187125357?lang=&edition=fundamental","pubTime":"2021-03-19 08:28","market":"us","language":"en","title":"Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion","url":"https://stock-news.laohu8.com/highlight/detail?id=1187125357","media":"cnbc","summary":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nik","content":"<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克"},"source_url":"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1187125357","content_text":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue dropped 10% year over year, as Nike said shipments have been delayed by more than three weeks.\nBut Nike continued to see momentum online. Its e-commerce sales surged 59% during the period.\n\nNike on Thursday reported higher third-quarter profits even though sales growth was hurt by widespread port congestion in the United States and ongoing store closures in Europe.\nAlthough the global health crisis still leaves an overhang of uncertainty, Nike said it anticipates lockdowns will start to ease in Europe in April, and delivery windows will slowly improve in North America through the remainder of the year.\nIts shares were down more than 2% in after-hours trading.\nHere’s how Nike did during the quarter ended Feb. 28, compared with what analysts were expecting, based on a survey by Refinitiv:\n\nEarnings per share: 90 cents vs. 76 cents expected\nRevenue: $10.36 billion vs. $11.02 billion expected\n\nNike reported net income of $1.45 billion, or 90 cents per share, compared with $847 million, or 53 cents per share, a year earlier. That was better than the 76 cents per share that analysts were expecting, based on Refinitiv data.\nTotal sales rose to $10.36 billion from $10.1 billion a year earlier. That was lower than the $11.02 billion forecast by analysts.\nIn North America, revenue dropped 10% year over year, hurt by shipment delays that Nike said have been dragging on for more than three weeks. That also meant sales at its wholesale partners were affected, as businesses such as department stores and sporting goods outlets didn’t receive goods on time. They’ll likely now need to discount some of that merchandise to make space on the shelf for more in-season styles.\nBacklogged West Coast ports, a global container shortage, and a truck driver shortage in the U.S. continue to be headaches for businesses from Nordstrom to Urban Outfitters to Peloton. Many have said they expect these issues to drag on until the second half of the year.\nIn its Europe, Middle East and Africa region, Nike said, sales at its brick-and-mortar retail stores dropped due to pandemic-related closures and restrictions while digital sales in those markets grew 60% in the latest period. It said about 60% of its stores in the region are open today, with some operating on reduced hours.\nIn Greater China, a region that is further along in recovering from the pandemic, sales climbed 51%.\nNike offered an outlook for the current quarter and fiscal year that anticipates inventory transit times will improve slowly across North America from here and lockdowns will ease across Europe come April.\nIt’s forecasting fiscal 2021 revenue to rise by a low-to-mid-teens percentage from the prior year. Analysts had been calling for full-year revenue growth of 15.9%, according to Refinitiv.\nFourth-quarter sales are expected by the company to be up 75% year over year, as the company laps a period when 90% of its owned stores were shut due to the pandemic. Analysts had been looking for growth of 64.3%.\nOnline sales get a boost from livestreaming\nNike’s direct-to-consumer business grew 20% year over year, to $4 billion. And online sales for the Nike brand surged 59%, as consumers looked to add new sneakers and athletic gear to their wardrobes, even if they were stuck at home. The company said it booked $1 billion in sales online in North America for the first time.\n“We continue to see the value of a more direct, digitally-enabled strategy, fueling even greater potential for Nike over the long term,” Chief Financial Officer Matt Friend said.\nNike’s e-commerce business is still on track to account for at least 50% of sales in the coming years, the company said. Nike has been investing more in digital, including its popular SNKRS app, to reach younger consumers online and reduce its reliance on third-party partners.\nIt also said it has recently had success testing new livestreaming formats, which remain more popular in Asia than in the U.S. But other companies, including Nordstrom and Walmart, are experimenting in America, too. During the third quarter, Nike said it started livestreaming in Japan, Germany and Italy.\n“We’re seeing phenomenal engagement for this live interaction, with average viewing doubling,” Chief Executive Officer John Donahoe said.\nNike shares are up more than 110% over the past 12 months, as of Thursday’s market close. It has a market cap of more than $225 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3832003,"gmtCreate":1616116079777,"gmtModify":1680780942686,"authorId":3568161254291931,"author":{"id":3568161254291931,"idStr":"3568161254291931","authorId":3568161254291931,"name":"Gunners80","avatar":"https://static.tigerbbs.com/1b631d2d208e0248c96ed1117c4db37e","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.05.26","exceedPercentage":"93.39%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327494388,"type":1,"supId":0,"prevId":0,"content":"buy on <u>dips</u>","text":"buy on <u>dips</u>","html":"buy on <u>dips</u>"}],"langContent":"EN"},{"id":327491428,"gmtCreate":1616114943864,"gmtModify":1704791104980,"author":{"id":"3574980150965538","authorId":"3574980150965538","name":"真的钻石手","avatar":"https://static.tigerbbs.com/394063a289e727c8c5c2734207c9aabd","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":9,"crmLevelSwitch":1,"idStr":"3574980150965538","authorIdStr":"3574980150965538"},"htmlText":"Chris sain’s savings account just dipped","listText":"Chris sain’s savings account just dipped","text":"Chris sain’s savings account just dipped","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327491428","repostId":1187125357,"repostType":4,"repost":{"id":"1187125357","kind":"news","pubTimestamp":1616113705,"share":"https://ttm.financial/m/news/1187125357?lang=&edition=fundamental","pubTime":"2021-03-19 08:28","market":"us","language":"en","title":"Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion","url":"https://stock-news.laohu8.com/highlight/detail?id=1187125357","media":"cnbc","summary":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nik","content":"<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克"},"source_url":"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1187125357","content_text":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue dropped 10% year over year, as Nike said shipments have been delayed by more than three weeks.\nBut Nike continued to see momentum online. Its e-commerce sales surged 59% during the period.\n\nNike on Thursday reported higher third-quarter profits even though sales growth was hurt by widespread port congestion in the United States and ongoing store closures in Europe.\nAlthough the global health crisis still leaves an overhang of uncertainty, Nike said it anticipates lockdowns will start to ease in Europe in April, and delivery windows will slowly improve in North America through the remainder of the year.\nIts shares were down more than 2% in after-hours trading.\nHere’s how Nike did during the quarter ended Feb. 28, compared with what analysts were expecting, based on a survey by Refinitiv:\n\nEarnings per share: 90 cents vs. 76 cents expected\nRevenue: $10.36 billion vs. $11.02 billion expected\n\nNike reported net income of $1.45 billion, or 90 cents per share, compared with $847 million, or 53 cents per share, a year earlier. That was better than the 76 cents per share that analysts were expecting, based on Refinitiv data.\nTotal sales rose to $10.36 billion from $10.1 billion a year earlier. That was lower than the $11.02 billion forecast by analysts.\nIn North America, revenue dropped 10% year over year, hurt by shipment delays that Nike said have been dragging on for more than three weeks. That also meant sales at its wholesale partners were affected, as businesses such as department stores and sporting goods outlets didn’t receive goods on time. They’ll likely now need to discount some of that merchandise to make space on the shelf for more in-season styles.\nBacklogged West Coast ports, a global container shortage, and a truck driver shortage in the U.S. continue to be headaches for businesses from Nordstrom to Urban Outfitters to Peloton. Many have said they expect these issues to drag on until the second half of the year.\nIn its Europe, Middle East and Africa region, Nike said, sales at its brick-and-mortar retail stores dropped due to pandemic-related closures and restrictions while digital sales in those markets grew 60% in the latest period. It said about 60% of its stores in the region are open today, with some operating on reduced hours.\nIn Greater China, a region that is further along in recovering from the pandemic, sales climbed 51%.\nNike offered an outlook for the current quarter and fiscal year that anticipates inventory transit times will improve slowly across North America from here and lockdowns will ease across Europe come April.\nIt’s forecasting fiscal 2021 revenue to rise by a low-to-mid-teens percentage from the prior year. Analysts had been calling for full-year revenue growth of 15.9%, according to Refinitiv.\nFourth-quarter sales are expected by the company to be up 75% year over year, as the company laps a period when 90% of its owned stores were shut due to the pandemic. Analysts had been looking for growth of 64.3%.\nOnline sales get a boost from livestreaming\nNike’s direct-to-consumer business grew 20% year over year, to $4 billion. And online sales for the Nike brand surged 59%, as consumers looked to add new sneakers and athletic gear to their wardrobes, even if they were stuck at home. The company said it booked $1 billion in sales online in North America for the first time.\n“We continue to see the value of a more direct, digitally-enabled strategy, fueling even greater potential for Nike over the long term,” Chief Financial Officer Matt Friend said.\nNike’s e-commerce business is still on track to account for at least 50% of sales in the coming years, the company said. Nike has been investing more in digital, including its popular SNKRS app, to reach younger consumers online and reduce its reliance on third-party partners.\nIt also said it has recently had success testing new livestreaming formats, which remain more popular in Asia than in the U.S. But other companies, including Nordstrom and Walmart, are experimenting in America, too. During the third quarter, Nike said it started livestreaming in Japan, Germany and Italy.\n“We’re seeing phenomenal engagement for this live interaction, with average viewing doubling,” Chief Executive Officer John Donahoe said.\nNike shares are up more than 110% over the past 12 months, as of Thursday’s market close. It has a market cap of more than $225 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327491207,"gmtCreate":1616114940209,"gmtModify":1704791104817,"author":{"id":"3570092809336734","authorId":"3570092809336734","name":"Longshot","avatar":"https://static.tigerbbs.com/7cad4ddeab0622dd29ed1d7c76c750b8","vip":1,"hat":"https://static.tigerbbs.com/306aa047bc14b6942cda1aed925cf8c3","crmLevel":7,"crmLevelSwitch":0,"idStr":"3570092809336734","authorIdStr":"3570092809336734"},"htmlText":"Comment pls","listText":"Comment pls","text":"Comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/327491207","repostId":1187125357,"repostType":4,"repost":{"id":"1187125357","kind":"news","pubTimestamp":1616113705,"share":"https://ttm.financial/m/news/1187125357?lang=&edition=fundamental","pubTime":"2021-03-19 08:28","market":"us","language":"en","title":"Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion","url":"https://stock-news.laohu8.com/highlight/detail?id=1187125357","media":"cnbc","summary":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nik","content":"<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克"},"source_url":"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1187125357","content_text":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue dropped 10% year over year, as Nike said shipments have been delayed by more than three weeks.\nBut Nike continued to see momentum online. Its e-commerce sales surged 59% during the period.\n\nNike on Thursday reported higher third-quarter profits even though sales growth was hurt by widespread port congestion in the United States and ongoing store closures in Europe.\nAlthough the global health crisis still leaves an overhang of uncertainty, Nike said it anticipates lockdowns will start to ease in Europe in April, and delivery windows will slowly improve in North America through the remainder of the year.\nIts shares were down more than 2% in after-hours trading.\nHere’s how Nike did during the quarter ended Feb. 28, compared with what analysts were expecting, based on a survey by Refinitiv:\n\nEarnings per share: 90 cents vs. 76 cents expected\nRevenue: $10.36 billion vs. $11.02 billion expected\n\nNike reported net income of $1.45 billion, or 90 cents per share, compared with $847 million, or 53 cents per share, a year earlier. That was better than the 76 cents per share that analysts were expecting, based on Refinitiv data.\nTotal sales rose to $10.36 billion from $10.1 billion a year earlier. That was lower than the $11.02 billion forecast by analysts.\nIn North America, revenue dropped 10% year over year, hurt by shipment delays that Nike said have been dragging on for more than three weeks. That also meant sales at its wholesale partners were affected, as businesses such as department stores and sporting goods outlets didn’t receive goods on time. They’ll likely now need to discount some of that merchandise to make space on the shelf for more in-season styles.\nBacklogged West Coast ports, a global container shortage, and a truck driver shortage in the U.S. continue to be headaches for businesses from Nordstrom to Urban Outfitters to Peloton. Many have said they expect these issues to drag on until the second half of the year.\nIn its Europe, Middle East and Africa region, Nike said, sales at its brick-and-mortar retail stores dropped due to pandemic-related closures and restrictions while digital sales in those markets grew 60% in the latest period. It said about 60% of its stores in the region are open today, with some operating on reduced hours.\nIn Greater China, a region that is further along in recovering from the pandemic, sales climbed 51%.\nNike offered an outlook for the current quarter and fiscal year that anticipates inventory transit times will improve slowly across North America from here and lockdowns will ease across Europe come April.\nIt’s forecasting fiscal 2021 revenue to rise by a low-to-mid-teens percentage from the prior year. Analysts had been calling for full-year revenue growth of 15.9%, according to Refinitiv.\nFourth-quarter sales are expected by the company to be up 75% year over year, as the company laps a period when 90% of its owned stores were shut due to the pandemic. Analysts had been looking for growth of 64.3%.\nOnline sales get a boost from livestreaming\nNike’s direct-to-consumer business grew 20% year over year, to $4 billion. And online sales for the Nike brand surged 59%, as consumers looked to add new sneakers and athletic gear to their wardrobes, even if they were stuck at home. The company said it booked $1 billion in sales online in North America for the first time.\n“We continue to see the value of a more direct, digitally-enabled strategy, fueling even greater potential for Nike over the long term,” Chief Financial Officer Matt Friend said.\nNike’s e-commerce business is still on track to account for at least 50% of sales in the coming years, the company said. Nike has been investing more in digital, including its popular SNKRS app, to reach younger consumers online and reduce its reliance on third-party partners.\nIt also said it has recently had success testing new livestreaming formats, which remain more popular in Asia than in the U.S. But other companies, including Nordstrom and Walmart, are experimenting in America, too. During the third quarter, Nike said it started livestreaming in Japan, Germany and Italy.\n“We’re seeing phenomenal engagement for this live interaction, with average viewing doubling,” Chief Executive Officer John Donahoe said.\nNike shares are up more than 110% over the past 12 months, as of Thursday’s market close. It has a market cap of more than $225 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3831930,"gmtCreate":1616115501905,"gmtModify":1680780946635,"authorId":3574233717192034,"author":{"id":3574233717192034,"idStr":"3574233717192034","authorId":3574233717192034,"name":"fortunegod","avatar":"https://static.tigerbbs.com/60dc33919c848b101d3dda79aa318529","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327491207,"type":1,"supId":0,"prevId":0,"content":"??","text":"??","html":"??"},{"id":3831908,"gmtCreate":1616115342141,"gmtModify":1680780946135,"authorId":3575147848250182,"author":{"id":3575147848250182,"idStr":"3575147848250182","authorId":3575147848250182,"name":"boonhong21","avatar":"https://static.tigerbbs.com/4576487764c99ea59dfd1cfcdf89da5b","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327491207,"type":1,"supId":0,"prevId":0,"content":"Please replyy","text":"Please replyy","html":"Please replyy"}],"langContent":"EN"},{"id":327404016,"gmtCreate":1616114596435,"gmtModify":1704791098096,"author":{"id":"3572249185724220","authorId":"3572249185724220","name":"xoxoll","avatar":"https://static.tigerbbs.com/8ed65c2962af2a6fbd414f4d6fe9e378","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572249185724220","authorIdStr":"3572249185724220"},"htmlText":"Help me to like and comment","listText":"Help me to like and comment","text":"Help me to like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/327404016","repostId":1187125357,"repostType":4,"repost":{"id":"1187125357","kind":"news","pubTimestamp":1616113705,"share":"https://ttm.financial/m/news/1187125357?lang=&edition=fundamental","pubTime":"2021-03-19 08:28","market":"us","language":"en","title":"Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion","url":"https://stock-news.laohu8.com/highlight/detail?id=1187125357","media":"cnbc","summary":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nik","content":"<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克"},"source_url":"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1187125357","content_text":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue dropped 10% year over year, as Nike said shipments have been delayed by more than three weeks.\nBut Nike continued to see momentum online. Its e-commerce sales surged 59% during the period.\n\nNike on Thursday reported higher third-quarter profits even though sales growth was hurt by widespread port congestion in the United States and ongoing store closures in Europe.\nAlthough the global health crisis still leaves an overhang of uncertainty, Nike said it anticipates lockdowns will start to ease in Europe in April, and delivery windows will slowly improve in North America through the remainder of the year.\nIts shares were down more than 2% in after-hours trading.\nHere’s how Nike did during the quarter ended Feb. 28, compared with what analysts were expecting, based on a survey by Refinitiv:\n\nEarnings per share: 90 cents vs. 76 cents expected\nRevenue: $10.36 billion vs. $11.02 billion expected\n\nNike reported net income of $1.45 billion, or 90 cents per share, compared with $847 million, or 53 cents per share, a year earlier. That was better than the 76 cents per share that analysts were expecting, based on Refinitiv data.\nTotal sales rose to $10.36 billion from $10.1 billion a year earlier. That was lower than the $11.02 billion forecast by analysts.\nIn North America, revenue dropped 10% year over year, hurt by shipment delays that Nike said have been dragging on for more than three weeks. That also meant sales at its wholesale partners were affected, as businesses such as department stores and sporting goods outlets didn’t receive goods on time. They’ll likely now need to discount some of that merchandise to make space on the shelf for more in-season styles.\nBacklogged West Coast ports, a global container shortage, and a truck driver shortage in the U.S. continue to be headaches for businesses from Nordstrom to Urban Outfitters to Peloton. Many have said they expect these issues to drag on until the second half of the year.\nIn its Europe, Middle East and Africa region, Nike said, sales at its brick-and-mortar retail stores dropped due to pandemic-related closures and restrictions while digital sales in those markets grew 60% in the latest period. It said about 60% of its stores in the region are open today, with some operating on reduced hours.\nIn Greater China, a region that is further along in recovering from the pandemic, sales climbed 51%.\nNike offered an outlook for the current quarter and fiscal year that anticipates inventory transit times will improve slowly across North America from here and lockdowns will ease across Europe come April.\nIt’s forecasting fiscal 2021 revenue to rise by a low-to-mid-teens percentage from the prior year. Analysts had been calling for full-year revenue growth of 15.9%, according to Refinitiv.\nFourth-quarter sales are expected by the company to be up 75% year over year, as the company laps a period when 90% of its owned stores were shut due to the pandemic. Analysts had been looking for growth of 64.3%.\nOnline sales get a boost from livestreaming\nNike’s direct-to-consumer business grew 20% year over year, to $4 billion. And online sales for the Nike brand surged 59%, as consumers looked to add new sneakers and athletic gear to their wardrobes, even if they were stuck at home. The company said it booked $1 billion in sales online in North America for the first time.\n“We continue to see the value of a more direct, digitally-enabled strategy, fueling even greater potential for Nike over the long term,” Chief Financial Officer Matt Friend said.\nNike’s e-commerce business is still on track to account for at least 50% of sales in the coming years, the company said. Nike has been investing more in digital, including its popular SNKRS app, to reach younger consumers online and reduce its reliance on third-party partners.\nIt also said it has recently had success testing new livestreaming formats, which remain more popular in Asia than in the U.S. But other companies, including Nordstrom and Walmart, are experimenting in America, too. During the third quarter, Nike said it started livestreaming in Japan, Germany and Italy.\n“We’re seeing phenomenal engagement for this live interaction, with average viewing doubling,” Chief Executive Officer John Donahoe said.\nNike shares are up more than 110% over the past 12 months, as of Thursday’s market close. It has a market cap of more than $225 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3845908,"gmtCreate":1616306134485,"gmtModify":1680781159634,"authorId":3572249185724220,"author":{"id":3572249185724220,"idStr":"3572249185724220","authorId":3572249185724220,"name":"xoxoll","avatar":"https://static.tigerbbs.com/8ed65c2962af2a6fbd414f4d6fe9e378","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327404016,"type":1,"supId":3831809,"prevId":0,"content":"Thank you ","text":"Thank you ","html":"Thank you "},{"id":3845906,"gmtCreate":1616306122602,"gmtModify":1680781158145,"authorId":3572249185724220,"author":{"id":3572249185724220,"idStr":"3572249185724220","authorId":3572249185724220,"name":"xoxoll","avatar":"https://static.tigerbbs.com/8ed65c2962af2a6fbd414f4d6fe9e378","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327404016,"type":1,"supId":3831906,"prevId":0,"content":"ThanK you ","text":"ThanK you ","html":"ThanK you "},{"id":3831906,"gmtCreate":1616115334221,"gmtModify":1680780945679,"authorId":3575147848250182,"author":{"id":3575147848250182,"idStr":"3575147848250182","authorId":3575147848250182,"name":"boonhong21","avatar":"https://static.tigerbbs.com/4576487764c99ea59dfd1cfcdf89da5b","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327404016,"type":1,"supId":0,"prevId":0,"content":"Please reply","text":"Please reply","html":"Please reply"},{"id":3831798,"gmtCreate":1616114763775,"gmtModify":1680780944294,"authorId":3560659454957997,"author":{"id":3560659454957997,"idStr":"3560659454957997","authorId":3560659454957997,"name":"rDj","avatar":"https://static.tigerbbs.com/5d780bed87fa959fa825e01587af3b59","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327404016,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"},{"id":3831809,"gmtCreate":1616114808247,"gmtModify":1680780944048,"authorId":3573201360768736,"author":{"id":3573201360768736,"idStr":"3573201360768736","authorId":3573201360768736,"name":"Lty1098","avatar":"https://static.tigerbbs.com/0123641e5b1e8993162711702dcb0f22","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327404016,"type":1,"supId":0,"prevId":0,"content":"Like n comment pls","text":"Like n comment pls","html":"Like n comment pls"}],"langContent":"EN"},{"id":327401218,"gmtCreate":1616114312134,"gmtModify":1704791092743,"author":{"id":"3574911895867822","authorId":"3574911895867822","name":"Jojofi","avatar":"https://static.tigerbbs.com/b38ecb7f10f831fb2c5dfa4b6984a1cb","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574911895867822","authorIdStr":"3574911895867822"},"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/327401218","repostId":1187125357,"repostType":4,"repost":{"id":"1187125357","kind":"news","pubTimestamp":1616113705,"share":"https://ttm.financial/m/news/1187125357?lang=&edition=fundamental","pubTime":"2021-03-19 08:28","market":"us","language":"en","title":"Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion","url":"https://stock-news.laohu8.com/highlight/detail?id=1187125357","media":"cnbc","summary":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nik","content":"<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克"},"source_url":"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1187125357","content_text":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue dropped 10% year over year, as Nike said shipments have been delayed by more than three weeks.\nBut Nike continued to see momentum online. Its e-commerce sales surged 59% during the period.\n\nNike on Thursday reported higher third-quarter profits even though sales growth was hurt by widespread port congestion in the United States and ongoing store closures in Europe.\nAlthough the global health crisis still leaves an overhang of uncertainty, Nike said it anticipates lockdowns will start to ease in Europe in April, and delivery windows will slowly improve in North America through the remainder of the year.\nIts shares were down more than 2% in after-hours trading.\nHere’s how Nike did during the quarter ended Feb. 28, compared with what analysts were expecting, based on a survey by Refinitiv:\n\nEarnings per share: 90 cents vs. 76 cents expected\nRevenue: $10.36 billion vs. $11.02 billion expected\n\nNike reported net income of $1.45 billion, or 90 cents per share, compared with $847 million, or 53 cents per share, a year earlier. That was better than the 76 cents per share that analysts were expecting, based on Refinitiv data.\nTotal sales rose to $10.36 billion from $10.1 billion a year earlier. That was lower than the $11.02 billion forecast by analysts.\nIn North America, revenue dropped 10% year over year, hurt by shipment delays that Nike said have been dragging on for more than three weeks. That also meant sales at its wholesale partners were affected, as businesses such as department stores and sporting goods outlets didn’t receive goods on time. They’ll likely now need to discount some of that merchandise to make space on the shelf for more in-season styles.\nBacklogged West Coast ports, a global container shortage, and a truck driver shortage in the U.S. continue to be headaches for businesses from Nordstrom to Urban Outfitters to Peloton. Many have said they expect these issues to drag on until the second half of the year.\nIn its Europe, Middle East and Africa region, Nike said, sales at its brick-and-mortar retail stores dropped due to pandemic-related closures and restrictions while digital sales in those markets grew 60% in the latest period. It said about 60% of its stores in the region are open today, with some operating on reduced hours.\nIn Greater China, a region that is further along in recovering from the pandemic, sales climbed 51%.\nNike offered an outlook for the current quarter and fiscal year that anticipates inventory transit times will improve slowly across North America from here and lockdowns will ease across Europe come April.\nIt’s forecasting fiscal 2021 revenue to rise by a low-to-mid-teens percentage from the prior year. Analysts had been calling for full-year revenue growth of 15.9%, according to Refinitiv.\nFourth-quarter sales are expected by the company to be up 75% year over year, as the company laps a period when 90% of its owned stores were shut due to the pandemic. Analysts had been looking for growth of 64.3%.\nOnline sales get a boost from livestreaming\nNike’s direct-to-consumer business grew 20% year over year, to $4 billion. And online sales for the Nike brand surged 59%, as consumers looked to add new sneakers and athletic gear to their wardrobes, even if they were stuck at home. The company said it booked $1 billion in sales online in North America for the first time.\n“We continue to see the value of a more direct, digitally-enabled strategy, fueling even greater potential for Nike over the long term,” Chief Financial Officer Matt Friend said.\nNike’s e-commerce business is still on track to account for at least 50% of sales in the coming years, the company said. Nike has been investing more in digital, including its popular SNKRS app, to reach younger consumers online and reduce its reliance on third-party partners.\nIt also said it has recently had success testing new livestreaming formats, which remain more popular in Asia than in the U.S. But other companies, including Nordstrom and Walmart, are experimenting in America, too. During the third quarter, Nike said it started livestreaming in Japan, Germany and Italy.\n“We’re seeing phenomenal engagement for this live interaction, with average viewing doubling,” Chief Executive Officer John Donahoe said.\nNike shares are up more than 110% over the past 12 months, as of Thursday’s market close. It has a market cap of more than $225 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3831772,"gmtCreate":1616114613843,"gmtModify":1680780944580,"authorId":3572249185724220,"author":{"id":3572249185724220,"idStr":"3572249185724220","authorId":3572249185724220,"name":"xoxoll","avatar":"https://static.tigerbbs.com/8ed65c2962af2a6fbd414f4d6fe9e378","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327401218,"type":1,"supId":0,"prevId":0,"content":"Help me to like and comment ","text":"Help me to like and comment ","html":"Help me to like and comment "},{"id":3831910,"gmtCreate":1616115355242,"gmtModify":1680780942601,"authorId":3575147848250182,"author":{"id":3575147848250182,"idStr":"3575147848250182","authorId":3575147848250182,"name":"boonhong21","avatar":"https://static.tigerbbs.com/4576487764c99ea59dfd1cfcdf89da5b","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327401218,"type":1,"supId":0,"prevId":0,"content":"Please reply","text":"Please reply","html":"Please reply"}],"langContent":"EN"},{"id":327575624,"gmtCreate":1616113948468,"gmtModify":1704791085123,"author":{"id":"3554690739454545","authorId":"3554690739454545","name":"Shifeng","avatar":"https://static.tigerbbs.com/7eba636a69f64b047187455fad28835a","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":0,"idStr":"3554690739454545","authorIdStr":"3554690739454545"},"htmlText":"Same as Adidas. It will go even further as all money went into stocks and bonds, nobody buy shoes in the shop!","listText":"Same as Adidas. It will go even further as all money went into stocks and bonds, nobody buy shoes in the shop!","text":"Same as Adidas. It will go even further as all money went into stocks and bonds, nobody buy shoes in the shop!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327575624","repostId":1187125357,"repostType":4,"repost":{"id":"1187125357","kind":"news","pubTimestamp":1616113705,"share":"https://ttm.financial/m/news/1187125357?lang=&edition=fundamental","pubTime":"2021-03-19 08:28","market":"us","language":"en","title":"Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion","url":"https://stock-news.laohu8.com/highlight/detail?id=1187125357","media":"cnbc","summary":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nik","content":"<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克"},"source_url":"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1187125357","content_text":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue dropped 10% year over year, as Nike said shipments have been delayed by more than three weeks.\nBut Nike continued to see momentum online. Its e-commerce sales surged 59% during the period.\n\nNike on Thursday reported higher third-quarter profits even though sales growth was hurt by widespread port congestion in the United States and ongoing store closures in Europe.\nAlthough the global health crisis still leaves an overhang of uncertainty, Nike said it anticipates lockdowns will start to ease in Europe in April, and delivery windows will slowly improve in North America through the remainder of the year.\nIts shares were down more than 2% in after-hours trading.\nHere’s how Nike did during the quarter ended Feb. 28, compared with what analysts were expecting, based on a survey by Refinitiv:\n\nEarnings per share: 90 cents vs. 76 cents expected\nRevenue: $10.36 billion vs. $11.02 billion expected\n\nNike reported net income of $1.45 billion, or 90 cents per share, compared with $847 million, or 53 cents per share, a year earlier. That was better than the 76 cents per share that analysts were expecting, based on Refinitiv data.\nTotal sales rose to $10.36 billion from $10.1 billion a year earlier. That was lower than the $11.02 billion forecast by analysts.\nIn North America, revenue dropped 10% year over year, hurt by shipment delays that Nike said have been dragging on for more than three weeks. That also meant sales at its wholesale partners were affected, as businesses such as department stores and sporting goods outlets didn’t receive goods on time. They’ll likely now need to discount some of that merchandise to make space on the shelf for more in-season styles.\nBacklogged West Coast ports, a global container shortage, and a truck driver shortage in the U.S. continue to be headaches for businesses from Nordstrom to Urban Outfitters to Peloton. Many have said they expect these issues to drag on until the second half of the year.\nIn its Europe, Middle East and Africa region, Nike said, sales at its brick-and-mortar retail stores dropped due to pandemic-related closures and restrictions while digital sales in those markets grew 60% in the latest period. It said about 60% of its stores in the region are open today, with some operating on reduced hours.\nIn Greater China, a region that is further along in recovering from the pandemic, sales climbed 51%.\nNike offered an outlook for the current quarter and fiscal year that anticipates inventory transit times will improve slowly across North America from here and lockdowns will ease across Europe come April.\nIt’s forecasting fiscal 2021 revenue to rise by a low-to-mid-teens percentage from the prior year. Analysts had been calling for full-year revenue growth of 15.9%, according to Refinitiv.\nFourth-quarter sales are expected by the company to be up 75% year over year, as the company laps a period when 90% of its owned stores were shut due to the pandemic. Analysts had been looking for growth of 64.3%.\nOnline sales get a boost from livestreaming\nNike’s direct-to-consumer business grew 20% year over year, to $4 billion. And online sales for the Nike brand surged 59%, as consumers looked to add new sneakers and athletic gear to their wardrobes, even if they were stuck at home. The company said it booked $1 billion in sales online in North America for the first time.\n“We continue to see the value of a more direct, digitally-enabled strategy, fueling even greater potential for Nike over the long term,” Chief Financial Officer Matt Friend said.\nNike’s e-commerce business is still on track to account for at least 50% of sales in the coming years, the company said. Nike has been investing more in digital, including its popular SNKRS app, to reach younger consumers online and reduce its reliance on third-party partners.\nIt also said it has recently had success testing new livestreaming formats, which remain more popular in Asia than in the U.S. But other companies, including Nordstrom and Walmart, are experimenting in America, too. During the third quarter, Nike said it started livestreaming in Japan, Germany and Italy.\n“We’re seeing phenomenal engagement for this live interaction, with average viewing doubling,” Chief Executive Officer John Donahoe said.\nNike shares are up more than 110% over the past 12 months, as of Thursday’s market close. It has a market cap of more than $225 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327578503,"gmtCreate":1616113813802,"gmtModify":1704791082662,"author":{"id":"3574931340480508","authorId":"3574931340480508","name":"Nickeando","avatar":"https://static.tigerbbs.com/949cb99f55161bbf42890e5fd6aefb02","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1,"idStr":"3574931340480508","authorIdStr":"3574931340480508"},"htmlText":"Please comment and like tks","listText":"Please comment and like tks","text":"Please comment and like tks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/327578503","repostId":1187125357,"repostType":4,"repost":{"id":"1187125357","kind":"news","pubTimestamp":1616113705,"share":"https://ttm.financial/m/news/1187125357?lang=&edition=fundamental","pubTime":"2021-03-19 08:28","market":"us","language":"en","title":"Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion","url":"https://stock-news.laohu8.com/highlight/detail?id=1187125357","media":"cnbc","summary":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nik","content":"<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike posts mixed results as sales fall short of estimates, hurt by U.S. port congestion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克"},"source_url":"https://www.cnbc.com/2021/03/18/nike-nke-q3-2021-earnings.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1187125357","content_text":"KEY POINTS\n\nCongested ports in the United States and ongoing store closures in Europe weighed on Nike’s sales during its fiscal third quarter, the company said Thursday.\nIn North America, revenue dropped 10% year over year, as Nike said shipments have been delayed by more than three weeks.\nBut Nike continued to see momentum online. Its e-commerce sales surged 59% during the period.\n\nNike on Thursday reported higher third-quarter profits even though sales growth was hurt by widespread port congestion in the United States and ongoing store closures in Europe.\nAlthough the global health crisis still leaves an overhang of uncertainty, Nike said it anticipates lockdowns will start to ease in Europe in April, and delivery windows will slowly improve in North America through the remainder of the year.\nIts shares were down more than 2% in after-hours trading.\nHere’s how Nike did during the quarter ended Feb. 28, compared with what analysts were expecting, based on a survey by Refinitiv:\n\nEarnings per share: 90 cents vs. 76 cents expected\nRevenue: $10.36 billion vs. $11.02 billion expected\n\nNike reported net income of $1.45 billion, or 90 cents per share, compared with $847 million, or 53 cents per share, a year earlier. That was better than the 76 cents per share that analysts were expecting, based on Refinitiv data.\nTotal sales rose to $10.36 billion from $10.1 billion a year earlier. That was lower than the $11.02 billion forecast by analysts.\nIn North America, revenue dropped 10% year over year, hurt by shipment delays that Nike said have been dragging on for more than three weeks. That also meant sales at its wholesale partners were affected, as businesses such as department stores and sporting goods outlets didn’t receive goods on time. They’ll likely now need to discount some of that merchandise to make space on the shelf for more in-season styles.\nBacklogged West Coast ports, a global container shortage, and a truck driver shortage in the U.S. continue to be headaches for businesses from Nordstrom to Urban Outfitters to Peloton. Many have said they expect these issues to drag on until the second half of the year.\nIn its Europe, Middle East and Africa region, Nike said, sales at its brick-and-mortar retail stores dropped due to pandemic-related closures and restrictions while digital sales in those markets grew 60% in the latest period. It said about 60% of its stores in the region are open today, with some operating on reduced hours.\nIn Greater China, a region that is further along in recovering from the pandemic, sales climbed 51%.\nNike offered an outlook for the current quarter and fiscal year that anticipates inventory transit times will improve slowly across North America from here and lockdowns will ease across Europe come April.\nIt’s forecasting fiscal 2021 revenue to rise by a low-to-mid-teens percentage from the prior year. Analysts had been calling for full-year revenue growth of 15.9%, according to Refinitiv.\nFourth-quarter sales are expected by the company to be up 75% year over year, as the company laps a period when 90% of its owned stores were shut due to the pandemic. Analysts had been looking for growth of 64.3%.\nOnline sales get a boost from livestreaming\nNike’s direct-to-consumer business grew 20% year over year, to $4 billion. And online sales for the Nike brand surged 59%, as consumers looked to add new sneakers and athletic gear to their wardrobes, even if they were stuck at home. The company said it booked $1 billion in sales online in North America for the first time.\n“We continue to see the value of a more direct, digitally-enabled strategy, fueling even greater potential for Nike over the long term,” Chief Financial Officer Matt Friend said.\nNike’s e-commerce business is still on track to account for at least 50% of sales in the coming years, the company said. Nike has been investing more in digital, including its popular SNKRS app, to reach younger consumers online and reduce its reliance on third-party partners.\nIt also said it has recently had success testing new livestreaming formats, which remain more popular in Asia than in the U.S. But other companies, including Nordstrom and Walmart, are experimenting in America, too. During the third quarter, Nike said it started livestreaming in Japan, Germany and Italy.\n“We’re seeing phenomenal engagement for this live interaction, with average viewing doubling,” Chief Executive Officer John Donahoe said.\nNike shares are up more than 110% over the past 12 months, as of Thursday’s market close. It has a market cap of more than $225 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3831665,"gmtCreate":1616113982347,"gmtModify":1680780934065,"authorId":3573538243916881,"author":{"id":3573538243916881,"idStr":"3573538243916881","authorId":3573538243916881,"name":"jaceojy","avatar":"https://static.tigerbbs.com/8b871e717cf4ee277d174167bf5f6974","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327578503,"type":1,"supId":0,"prevId":0,"content":"Cmt","text":"Cmt","html":"Cmt"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":57,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}