What will Nike (NKE) Earnings be in 2019 Q2?

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For second-quarter fiscal 2019, the company expects currency-neutral revenue growth of 9%, in line with the fiscal first quarter. However, taking into account the FX scenario, it expects reported revenues of 2-3 points lower than the anticipated currency-neutral revenue growth in the fiscal second quarter.

Further, the company expects gross margin expansion of 50 bps or slightly higher in fiscal 2019. Gross margin for the fiscal second quarter is expected to be on par with the expansion of 50 bps witnessed in the fiscal first quarter. However, the company continues to anticipate lesser gross margin expansion in the first half of fiscal 2019 compared with the second half.

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