Investors are worried that if $ADDYY had to burn massive marketing dollars and deal with heavy retail discounting to generate sales, $NKE is likely feeling the same squeeze on margins
$ADDYY Markets are focused on the earnings shortfall and margin pressure, rather than the sales beat and raised full-year revenue outlook (now 9–10% growth, previously high-single-digit). The company kept its operating profit forecast at around €2.3 billion. Some commentary also noted the departure of long-time CFO Harm Ohlmeyer as a secondary factor. Impacting $NKE.
$LULU $NKE $DECK $ADDYY $UAA of these clothing companies are down at historic lows. I’m thinking the move is to buy all of them proportionally and let the winners long term run.
