Report
R.J. Hottovy
EUR 100.00 For Business Accounts Only

Wide-moat Nike’s innovation and key investments should improve product demand and pricing power.

We view wide-moat Nike's strong finish to fiscal 2018 as validating recent product innovation, speed-to-market, and direct-to-consumer investments. Similar to recent quarters, Nike's international segments (up 23% on a constant-currency basis including 25% growth from China) and digital platforms (up 41%) were key top-line contributors (total revenue up 8%), helping to drive 60 basis points of gross margin expansion to 44.7%. However, a return to positive growth in North America (up 3% compared ...
Underlying
NIKE Inc. Class B

NIKE is engaged in the design, development and marketing and selling of athletic footwear, apparel, equipment, accessories and services. The company focuses its NIKE Brand product offerings in Running, NIKE Basketball, the Jordan Brand, Football (Soccer), Training and Sportswear categories. The company markets products designed for kids, as well as for other athletic and recreational uses such as American football, baseball, cricket, golf, lacrosse, tennis, walking, and other outdoor activities. The company has license agreements that permit unaffiliated parties to manufacture and sell, using the company-owned trademarks, certain apparel, digital devices and applications and other equipment designed for sports activities.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
R.J. Hottovy

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