Nike Faces $300M World Cup Boost — But Stifel Sees A Bigger Margin Squeeze
Nike will report Q1 FY27 results Oct. 1. Stifel maintains Hold, cuts target to $40, citing promotional pressure and weak product demand.
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Why It Matters
Nike is getting a big boost from World Cup sales this quarter. But the bank Stifel warns that heavy discounts and slower customer interest could hurt future profits.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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