Michael Binetti

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Last quote by Michael Binetti

We're lowering our FY17E EPS based on ongoing heavy markdowns and our view that F2Q revs & GM's [gross margins] are likely trending below plan. We believe NKE's current headwinds are temporary, but a re-acceleration will likely require reinvestment in more impactful innovation, a price/value equation reset, new pinnacle brand expressions (like the new Soho store) and more marketing.
Dec 12 2016
Find all of Michael Binetti’s quotes that have been published in 1 different article on this page. Michael Binetti’s quotes are organized by date and topic, making it easy for you to compare, for example, what Michael Binetti has said both recently, and in the past, on a variety of topics. Some of the topics Michael Binetti likes to comment on include Soho and GM. Most recently, Michael Binetti said, “We're lowering our FY17E EPS based on ongoing heavy markdowns and our view that F2Q revs & GM's [gross margins] are likely trending below plan. We believe NKE's current headwinds are temporary, but a re-acceleration will likely require reinvestment in more impactful innovation, a price/value equation reset, new pinnacle brand expressions (like the new Soho store) and more marketing.”.
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