Nike: Q1 beats expectations
(CercleFinance.com) - Nike has got off to strong start in its fiscal year, with the group reporting a 10% rise in its Q1 2018-2019 revenues, which reached 9.
9 billion dollars.
Meanwhile, its gross margin rose by 50 basis points to 44.2%. Net income came in at 1.1 billion dollars, up 15%.
Finally, EPS reached 67 cents, up 18% y-o-y, which exceeds the consensus of 0.63 dollar.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
9 billion dollars.
Meanwhile, its gross margin rose by 50 basis points to 44.2%. Net income came in at 1.1 billion dollars, up 15%.
Finally, EPS reached 67 cents, up 18% y-o-y, which exceeds the consensus of 0.63 dollar.
Copyright (c) 2018 CercleFinance.com. All rights reserved.