Nike Jumps Higher: Will It Last? We Weigh in on TD Ameritrade Network
McMillanDoolittle’s Amanda Lai joined an expert panel on TD Ameritrade Network to discuss the outlook for Nike (NKE) ahead of its fourth quarter earnings release. Lai cites Nike’s long-term strategy of investing in e-commerce, scaling back wholesale partnerships, and leveraging customer data as drivers of the brand’s continued success in driving sales and gaining customer loyalty.
In line with Lai’s expectations, Nike’s fiscal fourth quarter earnings release reported after the bell yesterday topped analysts’ earning and sales estimates. Total revenue grew to $12.34 billion from $6.31 billion a year earlier, beating out investor estimates of $11.01 billion. Even as the country reopens and Americans begin to shift their spending to out of home categories, Nike continues to maintain its dominance as a global leader in athletic apparel and footwear. Watch the segment at the video link above for additional expert insights from Amanda Lai covering additional players including Lululemon and Foot Locker.
Stay up-to-date on our latest media coverage by following us on LinkedIn. And if you enjoyed this blog post, make sure to check out McMillanDoolittle’s previous segment on TD Ameritrade Network for additional insights on the athleisure category: Eye on Athleisure: McMillanDoolittle Shares Outlook on TD Ameritrade Network.
The full earnings release can be found on the Nike website.