- Obama Reiterates Commitment to Boost US-India Ties
- FDIC's Bair Cautions on Risks in Bank Break-Up Plan
- Wednesday's Economic News Crunch Could Tilt Markets
- Call Me Crazy: Confessions of a Black Friday Shopper
- US Firms Hit by Payroll Taxes at Exactly the Wrong Time
- Citi Mortgage Reveals Something the US Treasury Won't
- Fed Sanguine About US Recovery, Worried on Jobs
- MGM Pitches Sale to 20 Suitors, Including News Corp
- Holiday Guide to This Season's Smartphones
- Citi Mortgage Reveals What Treasury Won't
- S&P to Hit 1,200 by Year-End: Chief Investor
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- 5 Big Bank Stocks Investors Should Consider: Strategists
- Gambling Drunk, Texting to Live And America's On Sale - Your Emails
- Nov. 24: Unusual Volume Leaders
- NBA D-League On The Rise
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Wednesday's Economic News Crunch Could Tilt Markets
- The Social Media Gaming Threat
- NBA D-League On The Rise
- Obama Reiterates Commitment to Boost US-India Ties
- Australia Wheat Exporters Face Challenges: GrainCorp
- Stifling Anger at Work Can Kill, Survey Finds
- Japan Export Rebound Eases Fear of New Recession
- China Shipbuilding to Launch $937 Million China IPO
- Rethinking Work
Text Size 
Nike is scheduled to report earnings for its fiscal first quarter on Tuesday after the market closes. The following is a summary of key developments and analyst opinion related to the period.
Overview: Nike has said it is expecting a gradual recovery. But the athletic apparel company is expected to report that its sales remained sluggish in its first quarter.
 |
But Nike's largest market is in the U.S., where shoppers are still keeping a lid on discretionary spending and specialty athletic retailers that emphasize the Nike brand are struggling.
In its second-largest market, China, Nike faces a post-Olympics slump and increased competition from local brands like Li Ning.
By The Numbers: Analysts polled by Thomson Reuters on average expect the company to earn 97 cents per share for the quarter on revenue of $4.9 billion.
Nike earned $1.03 per share on revenue of $5.43 billion in the first quarter of last year.
Analyst Take: Marie Driscoll, a retail analyst with Standard & Poor's Equity Research said she sees a few more weak quarters for Nike's orders, but a weakening U.S. dollar could help the company because it would increase the value of sales abroad.
She said the company's "global superbrand status" will help it grow after the economy recovers and reiterated a "buy" rating on Nike.
What's Ahead: Nike continues to face uncertainty stemming from the weak global economy—including tight consumer spending and fluctuations in foreign currency.
Stock Performance: Nike shares [NKE
Loading...
()
] fell nearly 5 percent during the quarter and more than 13 percent during the past 52 weeks. Shares of Nike closed Friday at $58.64 near the top of its 52-week range of $38.24 to $68.
- Remember when auto shows were major events where new models could generate buzz?
- CNBC’s Mike Huckman visits a cutting-edge plant to see how the flu vaccine of the future is being made.
- People who bottle up their anger at work are up to five times more likely to suffer a heart attack, a study found.
- Playboy will outsource its publishing operations in a bid to become profitable again.
- A new McDonald's in Manhattan is the nation's first to sport a sleek, chic interior imported from stores in London and Paris.
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
Data is a real-time snapshot *Data is delayed at least 15 minutes