September 26, 2013

NIKE, INC. Reports Fiscal 2014 First Quarter Results

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