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Our growth reflects double-digit currency-neutral Nike Air Force 1 Damen momentum internationally and high-single-digit growth in North America. Gross margin expanded by 130 basis points in Q3 as average gross selling Nike Air Max 95 Womens prices expanded, strong demand drove higher full-price sales, and higher-margin [direct-to-consumer] growth outpaced wholesale growth. Nike hit all the right notes in the quarter, with healthy global demand culminating in an 11% sales increase after adjusting for foreign exchange swings. Rival Under Armour, in contrast, boosted revenue by just 3%. There were pockets of Nike Air VaporMax Womens relative weakness, to be sure. Notably, Nike’s North American sales gains slowed to 7% after accelerating in each of the last three quarters. Given strong sales volumes and pricing, executives saw the drop as just part of normal volatility rather than an indication of softening demand. The company’s global apparel division Nike Roshe Run Mujer rose by 10% and trailed the 13% spike in footwear. The clothing segment had grown 13% over the prior six months. Still, Nike’s overall results Nike Air Max 270 Womens reflect healthy demand, rising prices, and booming digital growth — just as executives have been targeting since late 2017.Nike was correct back in 2017 when it predicted that product innovations would drive most of its growth in the coming years. But executives underestimated the power of that pipeline. Rather than delivering a bit more than half of the gains, the company has Adidas Falcon Dames said fresh launches have been responsible for about 80% of growth in recent quarters. That trend held in the latest period, executives said, with good results from new platforms like the Vapormax sneaker, which is one of its most popular products and retails for up to $200. The good news is that this success Adidas Arkyn Mujer gives Nike a clear path toward continuing to make market share gains. It also provides support for the management team to keep their foot on the Nike Air Max 90 Femme Rose accelerator with respect to innovative launches across its footwear and apparel categories.Overall, we expect to deliver high-single-digit revenue growth as well as gross margin expansion [in fiscal 2020] and profitability in line with the long-term financial model we Nike’s growth outlook indicates that management expects to continue boosting sales and modestly expanding profitability Nike Air Force 1 Femme in the final quarter of fiscal 2019 and throughout 2020. The short-term earnings forecast isn’t especially strong since the fiscal fourth quarter will include elevated spending on the supply chain and on growth initiatives, in addition to foreign currency pressures. Yet for the closing of 2019, and for Nike Air Max 720 Mujer all of 2020, Parker and his team believe they’ll achieve or surpass their aggressive annual sales and profit targets of around 8% revenue growth and rising gross profit margin. The slowdown in the North American region might keep investor attention on that geography over the next few quarters, but key metrics like inventory, pricing, and digital sales all support an optimistic reading of Nike’s broader business trends. Management will issue a more detailed assessment after the close of the fourth quarter. As of now, though, there’s http://www.artelara.nl every reason to expect the footwear giant to notch a third straight year of robust growth in fiscal 2020.
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