What Puma’s Report Means For Retail Footwear In China

10/27/21 03:02PM EDT

https://youtu.be/zYKzi3lWvUs

In this clip from The Call @ Hedgeye, Retail analyst Brian McGough flags recent Q3 developments from Puma (PUM.DE) and what that means for Nike (NKE) and the rest of the retail footwear space in China.

“I’m incrementally bullish on Nike out of these Puma results,” explains McGough. “If this whole narrative around ‘nobody is growing in China anymore because China only wants local companies to grow’, manifests itself and people do pay attention to macro and what the company has been doing to respond to it, I’ll definitely make the bullish call on Nike around that.”

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