NIKE, Inc.: Quarterly report
NIKE reported lower quarterly revenues and net income while expanding its gross margin and announcing a multi-year restructuring program.
Mixed for the companyWhat the numbers say
Revenue fell 4.3% to $11.2B versus the same quarter last year (2.2% up on the previous quarter); gross margin widened from 42.2% to 42.8%; diluted EPS $0.48 versus $0.49; cash fell by $660M to $6.9B while debt was flat.
What happened
- Total revenues decreased 4% to $11,213 million, driven by declines in Greater China, EMEA, and Converse.
The full interpretation is in the app
Why it matters, the key numbers from the document and what to watch next: the full interpretation of every report is part of Pro.
Read the full interpretation