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with a 25 basis point expansion in gross margin
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sandywang5230
Posted 2015-09-11 10:06 PM (#213588)
Subject: with a 25 basis point expansion in gross margin


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?The 1966 tournament was an abject failure for Brazil as they failed to qualify from group play. Pel eacute; was approaching what should have been his best years as a player but he was unceremoniously kicked by Bulgaria and Portugal to the point where he said he would never appear at another World Cup again. However he did and Brazil won again in 1970 but by that time he was approaching 30. Maradona was left off of Argentina’s World Cup winning squad of 1978 when he was 17. At the 1982 World Cup Finals Maradona was expected to leave his mark on the tournament. Instead he left his mark on the groin of Brazil defender Batista. Maradona was sent off and Argentina went home. Maradona’s accent to the level of a soccer-god had to wait until he was 25 and Mexico 1986. Lionel Messi’s debut at the World Cup Finals came in 2006 in Germany when he was 18. He was only used sporadically by Argentine coach Jos eacute; Peckerman and never saw the pitch when Argentina lost in the quarter-finals against Germany on penalty kicks. Four years later in South Africa 22-year-old Messi carried the substantial hopes of Argentina. This time he started all five matches but again Argentina’s hopes were dashed by Germany at the quarter-final stage. There can be little doubt that if Brazil is to mount a real challenge in 2014 Neymar will have to play well and contribute goals. But his success or failure is going to have a lot more to do with the supporting cast than his emergence as the savior of Brazilian soccer.Earnings Preview: Nike Set To Gain From World Cup Frenzy. Sports giant Nike is scheduled to report its earnings for the fourth quarter of fiscal 2014 on June 26. In the previous quarter, the company recorded 13% revenue growth over the same quarter in the previous fiscal period, along with an expansion in gross margin of 30 basis points.Nike has guided for a high single-digit growth in revenues for this quarter, with a 25 basis point expansion in gross margin, on account of a shift to higher margin products in the sales mix and a higher fut 16 coins contribution to sales from geographies like South America. However, the Selling, General and Administrative Expenses are also expected to rise owing to promotional expenses undertaken by the company in anticipation of the FIFA World Cup.We expect the company’s earnings to be in line with its guidance for the reasons cited by the company, but also looking at the 14% sales increase experienced by footwear retailer Foot Locker.Nearly every two out of three shoes sold by Foot Locker belongs to Nike. See our complete analysis for Nike Recap of Q3 FY14 Results In the third quarter of Fiscal 2014, Nike’s revenues from continuing operations were up by 14% to $7 billion. Gross margin increased 30 basis points to 44.2 %, driven by a sales mix of higher margin products and businesses, higher average prices, lower input costs and continued strength in the higher margin Direct-to-Consumer business. The company’s strong performance in Q3 2014 was underscored by high growth in North America and Europe.
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