Nike (NKE) Q2 Sales to Rise at Low-Single Digit Percentage, Gross Margin to Narrow at Same Rate as Q1 - Bloomberg, Citing Call

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Go back to Nike (NKE) Q2 Sales to Rise at Low-Single Digit Percentage, Gross Margin to Narrow at Same Rate as Q1 - Bloomberg, Citing Call

NIKE, Inc. Reports Fiscal 2018 First Quarter Results

September 26, 2017 4:15 PM EDT

BEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) today reported fiscal 2018 financial results for its first quarter ended August 31, 2017. For the quarter, sustained revenue growth in international geographies and NIKE Direct globally was offset by an expected decline in North America wholesale revenue.

Diluted earnings per share for the quarter were $0.57, down 22 percent driven by a gross margin decline, a higher effective tax rate and higher other expense, net, partially offset by lower selling and administrative expense and a lower average share count.

This quarter, we captured near-term opportunities through our new... More