nike air max thea mujer Nike Posts Strong Sales and Orders in Latest Quarter
In November, Nike’s rival Adidas raised its sales outlook on strong demand in emerging markets, and Puma said in October that China and Latin America contributed most to overall sales growth.
“Margins were pretty consistent with what we were looking for. Any time you see a brand that is witnessing this type of demand, it gives you confidence that, over time, pricing will be able to catch up with input costs and labor costs,” Mr. Arnold said.
For the quarter ended Nov. 30, the second of Nike’s fiscal year, it earned $469 million, or $1 a share, a rise of 3 percent over the year ago quarter. Analysts, on average, were expecting earnings of 97 cents a share, according to Thomson Reuters.
Revenue rose 18 percent to $5.73 billion.
Excluding foreign exchange fluctuations, revenue for the Nike brand rose 18 percent. The company, which also owns the Converse, Cole Haan, Umbro and Hurley brands, said revenue from these segments increased 5 percent. Nike shares were up 2.4 percent at $96.07 in after market trade on Tuesday, after closing at $93.63.