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Article Date: September 2017
Word Count: 806

Nike Net Off on Lower Sales in Q1


The Eager Beavertons saw net income decline 24% to $950 million from $1,249 million for the first quarter ended Aug. 31 as sales were flat at $9,070 million against $9,061 million with a 3% decline in the U.S. market and a 16% decline at Converse offset by strong growth in China and moderate growth elsewhere. The profit numbers exceeded forecasts although the top line number was lighter than expected with the stock ticking up in after hours trading, then pulling back below the day’s close. While somewhat vague about exactly what its DTC business in North America was during the ... Log in to view full article.

 


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