Nike (NKE) Tops Q1 EPS by 1c, Revenue Beats

Nike (NYSE: NKE) reported Q1 EPS of $0.93, $0.01 better than the analyst estimate of $0.92. Revenue for the quarter came in at $12.7 billion versus the consensus estimate of $12.29 billion.

• •First quarter reported revenues were $12.7 billion, up 4 percent compared to the prior year and up 10 percent on a currency-neutral basis*
• •NIKE Direct sales were $5.1 billion, up 8 percent on a reported basis and up 14 percent on a currency-neutral basis
• •NIKE Brand Digital sales increased 16 percent on a reported basis, or 23 percent on a currency-neutral basis, led by 46 percent growth in EMEA
• •Gross margin decreased 220 basis points to 44.3 percent
• •Diluted earnings per share for the quarter was $0.93, down 20 percent
  

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

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