UPDATE: Brean Capital Downgrades Nike (NKE) to Hold
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NIKE, Inc. Reports Fiscal 2017 First Quarter Results
September 27, 2016 4:15 PM EDTRevenues up 8 percent to $9.1 billion; 10 percent growth excluding currency changes* Diluted earnings per share up 9% to $0.73 compared to prior year Worldwide futures orders up 5 percent; 7 percent growth excluding currency changes Inventories as of August 31, 2016 up 11 percent
BEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) today reported fiscal 2017 financial results for its first quarter ended August 31, 2016. Strong global demand drove double-digit currency-neutral revenue growth internationally in the first quarter and six percent revenue growth in North... More
