Nike (NKE) Tops Q1 EPS by 5c, Revenue Misses

Nike (NYSE: NKE) reported Q1 EPS of $1.16, $0.05 better than the analyst estimate of $1.11. Revenue for the quarter came in at $12.2 billion versus the consensus estimate of $12.46 billion.

• First quarter reported revenues were $12.2 billion, up 16 percent compared to prior year and up 12 percent on a currency-neutral basis.*
• NIKE Direct sales were $4.7 billion, up 28 percent on a reported basis and up 25 percent on a currency-neutral basis.
• NIKE Brand Digital sales increased 29 percent, or 25 percent on a currency-neutral basis.
• Gross margin increased 170 basis points to 46.5 percent.
• Diluted earnings per share for the quarter was $1.16, up 22 percent.

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

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