Nike earnings: Adidas supply-chain shortage will benefit Nike

Tonya Garcia
Nike earnings: Adidas supply-chain shortage will benefit Nike

Nike Inc. is scheduled to announce its fiscal third-quarter earnings on Thursday after the closing bell, and Canaccord Genuity analysts expect the athletic giant to benefit from Adidas AG’s pain. Adidas (XE:ADS)(ADDYY)announced on its third-quarter earnings call last week that it will have a supply-chain shortage in 2019. “In essence it means that we have an excess demand that we can’t cover due to insufficient capacity in our manufacturing plants,” said Kasper Rorsted, Adidas’s chief executive, on the earnings call, according to a FactSet transcript.