Report
John Brick, CFA
EUR 101.80 For Business Accounts Only

Wide-moat Nike’s innovation and key sponsorships should bolster product demand and pricing power.

Wide-moat Nike’s first quarter continues to show the benefit of the firm’s global scale, as the competitive environment in North America lingers but is offset by strong International and Nike Direct sales. Despite the uneven environment, results are generally tracking toward our full-year estimates calling for 5% top-line growth and 13% operating margins. In addition, the firm’s innovation pipeline and "triple-double strategy,” which includes direct-to-consumer, both remain intact and focus on t...
Underlying
Nike, Inc.

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
John Brick, CFA

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