Nike (NKE) Tops Q4 EPS by 15c; Global Futures Orders up 13%, Outpacing Views

Nike (NYSE: NKE) reported Q4 EPS of $0.98, $0.15 better than the analyst estimate of $0.83. Revenue for the quarter came in at $7.8 billion versus the consensus estimate of $7.69 billion.

Worldwide futures orders up 2 percent; 13 percent growth excluding currency changes. Consensus estimates called for a 10.4 percent gain in global futures orders.

Inventories for NIKE, Inc. were $4.3 billion, up 10 percent from May 31, 2014, driven primarily by a 13 percent increase in NIKE Brand wholesale unit inventories. Changes in the average product cost per unit were more than offset by changes in foreign currency exchange rates, which together decreased NIKE, Inc. inventory growth by approximately 3 percentage points.

For earnings history and earnings-related data on Nike (NKE) click here.

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