Jim Cramer: I'm Worried About Nike
Nike's competitors are stepping up their games and that should be worrisome for shareholders of the sneaker giant, says Jim Cramer.
Nike's (NKE) - Get Report competitors are stepping up their games and that should be worrisome for shareholders of the sneaker giant, says TheStreet's Jim Cramer. Analysts expect Nike to report fiscal first-quarter earnings of $0.56 a share on sales of $8.88 billion. During the same quarter a year ago, the company posted profits of $0.67 a share with revenue of $8.41 billion. Analysts are looking to see how well Nike's basketball unit performed in light of heavy competition from Under Armour (UA) - Get Report and its star Stephen Curry.
