Heard on the Street: Nike’s inventory still looks bloated, but the apparel maker has wholesale customers clamoring for its products
. Chief Financial Officer Matt Friend said on an earnings call on Tuesday that prior-year comparisons aren’t fair because inventory was abnormally low last year because of factory closures in Vietnam. Still, Wall Street analysts—who no doubt track that kind of dynamic very closely—had been expecting that bloat to be just 28% above year-earlier levels.
Luckily for Nike, there are players on the field that will happily take the inventory. Sales through the wholesale channel grew by 30% on a currency-neutral basis, outpacing direct sales growth of 25%. “Really for the first time in six quarters or so, we can finally supply the [wholesale] channel with the level of demand that we believe is there,” Mr. Friend said on the call.Agenda-setting analysis and commentary on the biggest corporate and market stories.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
James Cameron thinks Matt Damon should get over passing on 'Avatar' and a $290 million payday'He's beating himself up over this,' James Cameron joked when asked about Matt Damon passing on a role in 'Avatar.'
Consulte Mais informação »
Denyse Stoneback: Honor victims of gun violence by passing evidence-based measuresDenyse Stoneback writes: 'In the last days of the 102nd General Assembly, my fellow legislators and I must honor the victims with action. We, as legislators, must do more.'
Consulte Mais informação »
Raptors And Knicks, Ships Passing In The Middle Of The East's NightWhether the Raptors try to regroup with what they have or make a rebuilding step backwards will have a lot to do with how difficult they think the battle is to win, and whether it's even worth fighting while the Bucks and Celtics peak. The Knicks, ever-beleaguered, are just happy to be where they are; as they should be.
Consulte Mais informação »
Penn mourns the passing of Charles Harris, the Ivy League’s first Black athletic directorHarris, who served as athletic director at the University of Pennsylvania from 1979 to 1985, passed away on Dec. 7. He was 71.
Consulte Mais informação »
Photographer Recalls Iconic Shot of Euthanized Hollywood Mountain LionNat Geo photographer Steve Winter recalls capturing this amazing photo of the mourned mountain lion.
Consulte Mais informação »
The Lingering Problem With Cross-Chain Bridges | HackerNoonWithout interoperability protocols, decentralization would be a myth. Let's explore the problem of cross-chain bridges and its solution. - cc: tundefabusola defi cryptocurrency
Consulte Mais informação »