The Nike logo often crosses the Nike stocks finish line first, but the latest results of giant shoes and clothing indicate the pace of action could slow in the coming quarters.
Shares of Nike ( ticker: NIKE ) fell $ 1.50, or 2%, to $ 76.77 in midday trading after its quarterly report showed some fraying at the seams . The increase in sales, with strength in the U.S. and Western Europe, Nike stocks but emerging markets negative conversion and higher costs offset revenue increases.
Actions ran 58% in the last year, double the profitability of the overall market, but head winds revealed in the benefit threaten short-term gains.
Nike stocks for the second quarter ended November 30, Nike reported net income of $ 537 million or 59 cents per share, above expectations of analysts penny, according to Thomson I / B / E / S. Sales of 6.43 billion, slightly below the average estimate of Wall Street. Negatives: cost of sales increased 14 % during the quarter, and inventories have increased by 11 %. Positive: 12% increase in future orders and an increase in Nike stocks gross margin from 43.9 % to 42.5%.
Revenues from emerging markets management disappointed increased 3 % compared to the previous year, but down 4% negative currency effect. Mexico city management, where a change of supplier of third-party logistics earlier this year has resulted in backorders. Nike said it will take " some quarters to fully recover operational problems related to Nike stocks inventory management and retail.
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