Nike: Q2 beats consensus

(CercleFinance.com) - On Thursday evening Nike reported Q2 2018-19 net income that is up 10% at 847 million dollars, i.
e. 52 cents per share, six cents above the consensus.

The US sports goods supplier saw its gross margin increase 80 basis points to 43.8% for revenues that are up 10% at 9.4 billion dollars (+14% at constant exchange rates).

"Nike's ambitious digital transformation is driving strong results and momentum in North America and in our international geographies," said Mark Parker, Chairman, President and CEO.

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