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World Cup Costs Will Weigh on Nike's Quarterly Results

Laurie Kulikowski
6/26/14 1:34 PM EDT
How much will expenses related to the World Cup weigh on Nike's earnings? Nike is expected to report fourth-quarter and full year earnings after the markets close on Thursday. Consensus estimates are calling for the sports apparel and footwear company to post quarterly earnings of $0.75 cents a share on revenue of $7.3 billion, up 10% from a year earlier. D.A. Davidson analyst Andrew Burns says the quarter historically is not set-up for positive earnings surprises and that Nike's spending related to the FIFA World Cup creates further uncertainty. Canaccord Genuity analyst Camilo Lyon is worried about pressure to Nike's gross margin from rising expenses from leathers, chemicals and labor. TheStreet's Laurie Kulikowski reports.
Stock quotes in this video: NKE

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