March 22, 2019 4 minutes

Nike (NYSE: NKE) 3Q19 Results: Digital Growth Powers Forward at a 36% Pace, China Digital Grows Over 60%

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

Nike 3Q19 revenues rose 7%, driven by 13% growth for Nike footwear led by Greater China.
The operating margin was flat at 13% of sales as gross margin expansion was offset by investment spending in Nike’s transformational initiatives.
The outlook for 4Q19 is high-single-digit revenue growth offset by FX, about 75 bps gross-margin expansion and high-single-digit SG&A expense growth.

Please Login to read the full report. Not a member? To access this content for free, register for a free account.

This document was generated for