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Fly News Breaks for September 13, 2018
NKE
Sep 13, 2018 | 07:44 EDT
Greater China has been an important contributor to Nike's top and bottom line, driving a quarter of revenue growth and a third of Nike Brand EBIT growth over the past five years, Citi analyst Kate McShane tells investors in a research note titled "Nike's Dance w/ China Has Been Great, What if the Music Stops?" The analyst isn't calling for a slowdown in China, but she feels risks around a possible softening of China retail consumption and potential for tariff threats are something to watch. The analyst, however, remains a buyer of Nike shares.
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