Nike (NKE) Tops Q2 EPS by 20c

Nike (NYSE: NKE) reported Q2 EPS of $0.83, $0.20 better than the analyst estimate of $0.63. Revenue for the quarter came in at $11.4 billion versus the consensus estimate of $11.25 billion.

• Second quarter reported revenues were $11.4 billion, up 1 percent compared to prior year and flat on a currency-neutral basis.*
• NIKE Direct sales were $4.7 billion, up 9 percent on a reported basis and up 8 percent on a currency-neutral basis.
• NIKE Brand Digital sales increased 12 percent, or 11 percent on a currency-neutral basis, led by 40 percent growth in North America.
• Gross margin increased 280 basis points to 45.9 percent.
• Diluted earnings per share for the quarter was $0.83, up 6 percent.

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

You May Also Be Interested In

• EU proposes to curb Airbnb and short-term rentals amid housing shortage
• UBS Upgrades Feng Tay Enterprises (9910:TT) to Buy
• UBS Upgrades Eaton Corporation (ETN) to Buy