Nike (NKE) Q3 Revenue Tops Views

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NIKE, Inc. Reports Fiscal 2020 Third Quarter Results

March 24, 2020 4:15 PM EDT

BEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) today reported fiscal 2020 financial results for its third quarter ended February 29, 2020.

Revenues rose 5 percent on a reported basis and 7 percent on a currency-neutral basis*; Digital sales up 36 percent versus prior year Diluted earnings per share was $0.53, including a $0.25 non-recurring, non-cash charge associated with the transition to a strategic distributor model in South America Inventory increased 7 percent to $5.8 billion; closeout inventory units declined versus prior year

Revenues increased to $10.1 billion in the third quarter, up 5 percent... More