On Thursday, Nike Inc (NYSE:NKE)’s shares declined -088% to $105.28.
Nike Inc (NKE) will report its earnings for the fiscal quarter ending May 2015. Wall Street is predicting FQ4’15 EPS to come in at $.84, having significantly underestimated EPS every quarter for the past 8 quarters. The Estimize consensus is projecting a slightly higher EPS of $.88, and it has been within 1 cent of Nike’s actual EPS in 4 of the last 8 quarters.
Nike is a world leader in marketing, designing, and distributing athletic footwear, apparel, accessories, and equipment, and it controls over 60% of the footwear market share. The company recently declared a partnership with the NBA to take over its licensing of apparel from Adidas starting in 2017, making Nike the first company to have its logo appear on NBA players’ uniforms. The deal will commence at the starting of the 2017 - 2018 NBA season and last for 7 years. ESPN has estimated the value of Nike’s new partnership at over $1 billion.
In terms of its financials, Nike has slightly underperformed when contrast to the industry average. Experiencing 19% revenue growth in China and 23% growth in Western Europe, Nike raised revenue by 7% since the same quarter one year prior, though lower than the industry average of 9.7%. However, the company’s stock price may tell a different story. Year-to-date, Nike’s stock price has raised 11.25% when contrast to the S&P 500’s enhance of 3.34%.
NIKE, Inc., together with its auxiliaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide. The company offers products in eight categories, counting running, basketball, football, men’s training, women’s training, sportswear, action sports, and golf under the NIKE and Jordan brand names.
Home Depot Inc (NYSE:HD)’s shares dropped -0.10% to $112.24.
Home Depot Inc (HD) accomplished a public offering of $1,250,000,000 aggregate principal amount of its 2.625% Senior Notes due 2022 and $1,250,000,000 aggregate principal amount of its 4.250% Senior Notes due 2046 (collectively, the “Notes”). The offering of the Notes was made following the Company’s shelf registration statement on Form S-3 (Registration No. 333-183621) filed with the Securities and Exchange Commission (the “SEC”) on August 29, 2012, counting a related prospectus and prospectus supplement filed with the SEC on August 29, 2012 and May 29, 2015, respectively.
In connection with the offering of the Notes, the Company reached an Underwriting Agreement dated May 28, 2015 (the “Underwriting Agreement”) among the Company and Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of the underwriters named therein (together, the “Underwriters”). Following the Underwriting Agreement, the Company agreed to sell the Notes to the Underwriters, and the Underwriters agreed to purchase the Notes for resale to the public. The Underwriting Agreement comprises customary representations, warranties and covenants by the Company. It also provides for customary indemnification by each of the Company and the Underwriters against certain liabilities and customary contribution provisions in respect of those liabilities.
The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, in addition to provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me, and professional customers.
At the end of Thursday’s trade, Cabot Oil & Gas Corporation (NYSE:COG)‘s shares dipped -1.27% to $31.91.
Cabot Oil & Gas Corporation (COG) will host its second quarter 2015 earnings conference call on Friday, July 24, 2015 at 9:30 a.m. Eastern Time. The Company plans to issue its financial and operating results prior to the market opening on the same day.
Cabot Oil & Gas Corporation, an independent oil and gas company, develops, exploits, explores for, produces, and markets natural gas, oil, and natural gas liquids in the United States. The company primarily focuses on the Marcellus Shale in northeast Pennsylvania with about 200,000 net acres in the dry gas window of the play; and the Eagle Ford Shale in south Texas with about 89,000 net acres in the oil window of the play.
PepsiCo, Inc. (NYSE:PEP), ended its Thursday’s trading session with -0.48% loss, and closed at $94.83.
Cheetos is one of the billion-dollar brands that makes up Frito-Lay North America, the $14 billion convenient foods business unit of PepsiCo (PEP).
Chester Cheetah’s boss is heading out of town for the season and while the boss is away, the Cheetah will play. Everyone’s favorite spokes-cheetah has “borrowed” keys to the boss’ fabulous beach house and has hidden them in two specially marked bags of Cheetos Mix-Ups Flamin’ Hot & Cheezy, Cheetos Flamin’ Hot Crunchy, Cheetos Puffs or Cheetos Crunchy for two lucky families to find. Once a key is found, all the finder needs to do is follow the enclosed instructions to return the key to the Cheetos brand, one of the flagship brands from PepsiCo’s Frito-Lay division. With the winning keys, doors to the beach house will be unlocked so each lucky finder can start their own flamin’ hot vacation for five nights and six flamin’ hot days in either San Diego, Calif.; Laguna Beach, Calif. or Destin, Fla.
The Cheetos Flamin’ Hot Summer sweepstakes marks the introduction of the latest flavor in Frito-Lay’s Cheetos line: Cheetos Mix-Ups Flamin’ Hot & Cheezy. It joins Cheetos Flamin’ Hot Crunchy and the original, Cheetos Crunchy snacks, Cheetos Puffs, and more, all of which promise to make this season extra hot and spicy.
PepsiCo, Inc. operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay’s potato chips, Doritos tortilla chips, Cheetos cheese-flavored snacks, Tostitos tortilla chips, branded dips, Ruffles potato chips, Fritos corn chips, and Santitas tortilla chips.
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