Jun. 17 at 11:45 AM
$NKE China sales would have to be worse than 20% and general revenues would have to be worse than 4%. Based on
$NKE estimate for the quarter.
My guess is China sales down 12% due to turning off supply and general revenues down 2%.
EPS will also beat and the stock will shoot back above
$50.
Shorts can’t justify
$35 IMO. I’d be impressed if it did drop that low.
Nike has beaten every quarter the last several so there is that.