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Earnings Outlook: Nike earnings: Even Jordan can’t clear hurdles in the athletic sector

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Nike saw basketball sales get squeezed in its most recent quarter

Nike Inc. is expected to announce first-quarter earnings on Tuesday after the closing bell.

Nike NKE, +0.09% has struggled recently with what Cowen & Company calls a “wholesale channel disruption (71% of Nike’s North America sales) which for Nike could mean lower ASPs [average sale prices], declining sales and margin contraction,” analysts led by John Kernan wrote in a Friday note.

On Friday, Finish Line Inc. FINL, +5.53%reported adjusted earnings per share that fell below expectations, even after the athletic retailer gave a profit and sales warning on Aug.

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