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BRIEF-Nike Says Have Not Seen Any Impact On Business To Date Due To U.S.-China Dynamics

U.S.-China Dynamics@

June 27 (Reuters) - Nike Inc:

* WE ARE WELL ON OUR WAY TO CUTTING OUR PRODUCT CREATION CYCLE IN HALF- CONF CALL

* "WE ARE, AND REMAIN, A BRAND OF CHINA AND FOR CHINA"- CONF CALL

* ADDING GIANNIS ANTETOKOUNMPO SIGNATURE SHOE COLLECTION NEXT MONTH- CONF CALL

* IN THE END OF Q1, WE'LL UNVEIL "JOYRIDE" FOOTWEAR - CONF CALL

* NIKE IS ALSO GROWING DOUBLE DIGITS AND GAINING SIGNIFICANT SHARE WITH STRATEGIC WHOLESALE PARTNERS- CONF CALL

* IN APPAREL, WE SEE STRONG DEMAND, AND SOME CLASSIFICATIONS, SO STRONG THAT IT'S PUTTING PRESSURE ON OUR SUPPLY SHORT TERM

* FX HAS INTENSIFIED OVER THE PAST COUPLE OF MONTHS, CREATING MORE OF A HEADWIND ON A REPORTED BASIS THAN WE ENVISIONED

* OUR CURRENCY-NEUTRAL OUTLOOK CONTINUES TO IMPROVE

* TAKING THESE OFFSETTING DYNAMICS INTO ACCOUNT, WE ARE REITERATING OUR GUIDANCE FOR FISCAL YEAR '20

* WE EXPECT STRATEGIC INVESTMENTS, OFFSET BY PRODUCTIVITY INITIATIVES, TO RESULT IN VERY SLIGHT SG&A LEVERAGE IN FISCAL YEAR '20

* IN Q1, WE EXPECT REPORTED REVENUE GROWTH IN LINE TO SLIGHTLY ABOVE OUR REPORTED REVENUE GROWTH IN Q4

* WE EXPECT CURRENCY-NEUTRAL Q1 REVENUE GROWTH SQUARELY WITHIN THE HIGH SINGLE-DIGIT RANGE, OFFSET BY 4 POINTS OF FX HEADWINDS

* WE HAVE NOT SEEN ANY IMPACT ON OUR BUSINESS TO DATE DUE TO U.S.-CHINA DYNAMICS

* WE SEE CHINA CONTINUING TO BE A CRITICAL PART OF OUR SOURCE BASE FOR CHINA, BUT ALSO OTHER PARTS OF THE WORLD Further company coverage: