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NKE China FQ2 2022 Review: Double-Digit Decline in Retail & Wholesale: Excess Inventory, Weak Demand

Equity Bottom-Up
346 Views, 17 Dec 2021 07:59
JL has highlighted this Insight as a Top Pick
EXECUTIVE SUMMARY
  • Nike Inc Cl B (NKE US)  retail partners in China have been slashing orders. 
  • We estimate that in FQ2 2022, NKE was down 10-15% YoY in mainland China (90-95% Greater China sales), second down quarter in last 5 years.  
  • China retail in December appears to be further weakening from previous months.  

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JL Warren Capital
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China & Hong KongEquity Bottom-UpThematic (Sector/Industry)

JL Warren Capital LLC is a leading independent equity research firm focused on Chinese companies and listed multinationa... 

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