Reuters logo
BRIEF-Nike Inc Q1 earnings per share $0.57
September 26, 2017 / 8:37 PM / a month ago

BRIEF-Nike Inc Q1 earnings per share $0.57

Sept 26 (Reuters) - Nike Inc

* Nike Inc reports fiscal 2018 first quarter results

* Q1 earnings per share $0.57

* Q1 earnings per share view $0.48 -- Thomson Reuters I/B/E/S

* Qtrly ‍gross margin declined 180 basis points to 43.7 percent​

* Qtrly ‍selling and administrative expense decreased 1 percent to $2.9 billion​

* Quarter-end ‍inventories for Nike Inc were $5.2 billion, up 6 percent from August 31, 2016​

* Qtrly Greater China total revenue $1,108‍​ million versus $1,020 million

* Qtrly ‍revenues for Nike Inc were $9.1 billion, flat to prior year on both a reported and currency-neutral basis​

* Q1 revenue view $9.08 billion -- Thomson Reuters I/B/E/S

* Operating overhead expense up 8% to $2.0 billion driven by realignment costs in quarter

* Qtrly Europe, Middle East & Africa total revenue $2,344 million versus $2,262‍​ million

* Qtrly operating overhead expense rose driven by realignment costs due to workforce reduction in June & continued investments in Nike direct

* Qtrly North America total revenue $3,924 million versus $4,031‍​ million

* For quarter, sustained revenue growth in international geographies & Nike direct globally offset by expected decline in North America wholesale revenue Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below