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Nike Will Face Currency Headwinds in FY20 But Looks Ready to Outperform Anyway

Join us on January 26 at 11 am ET for a webinar with Lenzing, TextileGenesis and sustainable brand ArmedAngels for a discussion on how they’re using Fibercoin technology to realize traceability’s benefits to sustainability, brand loyalty and risk mitigation.

A new report released by Wedbush Securities casts doubt on Nike’s assertion that it will be able to avoid currency headwinds in the back half of FY20, although the brand is still expected to outperform throughout the fiscal year. In the report, Wedbush analyst Christopher Svezia said the firm’s data showed that the impact of…

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