Nike (NKE) reported North American sales that fell short of consensus expectations, overshadowing better-than-expected earnings

Nike’s North American sales disappoint

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  • Nike (NKE) reported North American sales that fell short of consensus expectations, overshadowing better-than-expected earnings results
  • Greater China sales continued to support total revenues, with sales in the region increasing 19% to about $1.59 billion. This marked the largest quarterly sales growth of any region for the quarter
  • The athletic-wear maker delivered adjusted earnings of 68 cents per share on revenue of $9.6 billion for its fiscal third quarter
  • Nike saw the launch of several noteworthy new products during its fiscal third quarter. The company launched its Flyknit Epic React 2 shoe
  • Nike also launched its highly anticipated Air Max 720, adding to its popular Max platform. Yahoo Finance

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