The financial report for Nike’s third quarter reveals that the company’s revenues reached $12.4 billion, showing a YoY increase of 14% and a currency-neutral growth of 19%. Direct sales rose by 17% reported and 22% currency-neutral, while NIKE Brand Digital sales grew by 20% reported or 24% currency-neutral.
Wholesale revenues also grew by 12% reported and 18% currency-neutral. However, the gross margin decreased by 330 basis points to 43.3%, and the thinned-out earnings per share for the quarter were $0.79, marking a 9% decline. Read More→