Photo: Wikimedia Commons
Shares of Nike are jumping after hours after the shoe maker reported EPS of $1.24, ahead of the $1.17 that was expected.What’s particularly interesting is the geographic breakdown of future sales growth over the next several month (ex-currency):
- North America: +14%
- Western Europe: +1%
- Central and Eastern Europe: +10%
- China: +17%
- Japan: -6%
- All emerging markets: +23%.
China’s revenue growth, already hot, becomes an even more impressive 24% when you don’t hold currency constant.
Anyway, this kind of growth isn’t consistent with the idea of the spendthrift Chinese consumer.
For more on what happened today, see here.
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