September 26, 2013

NIKE, INC. Reports Fiscal 2014 First Quarter Results

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Strong demand for NIKE, Inc. brands propelled revenue growth, and diluted earnings per share grew faster than revenue due to gross margin expansion, SG&A leverage, a lower tax rate and a lower average share count.

  • Revenues from continuing operations up 8 percent to $7.0 billion

  • Diluted earnings per share from continuing operations up 37 percent to $0.86

  • Worldwide futures orders up 8 percent, 10 percent growth excluding currency changes

  • Inventories as of August 31, 2013 up 6 percent