Company Earnings Update 4 minutesRegister for Free AccessNike (NYSE: NKE) 3Q19 Results: Digital Growth Powers Forward at a 36% Pace, China Digital Grows Over 60% Coresight Research March 22, 2019 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 Other research you may be interested in: Test post for search
