Nike (NYSE: NKE) stock jumped 11% last week following its surprisingly strong fiscal fourth-quarter earnings results. Here are few big takeaways for investors from the announcement.
Nike gets less than half its revenue from the domestic market. Compare that to Under Armour (NYSE: UA) (NYSE: UAA), which is dependent on the U.S. geography for over 80% of sales. That gap helps explain why Nike’s growth slowdown has been more modest as the U.S. market weakens.
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