Reported 5 days ago
Nike's Q1 earnings exceeded expectations with $0.70 per share, surpassing the $0.52 estimate, while revenue slightly missed at $11.59 billion versus an expected $11.65 billion. Notably, Greater China's sales outperformed estimates. The company announced it will delay its investor day and confirm a leadership transition with Elliott Hill succeeding John Donahoe on October 14. Analyst David Swartz highlighted concerns over product innovation and performance in Europe and North America.
Source: YAHOO