Company Earnings UpdateNike (NYSE: NKE) 1Q20 Results: Growth Across All Geographies, Led by Product Innovation and Digital Coresight Research September 25, 2019 Executive Summary Nike 1Q20 revenues rose 7.1% to $10.66 billion, driven by growth across all geographies, beating the $10.44 billion consensus estimate. By region, China grew most rapidly, at 22% to $1.68 billion, with equal growth in footwear, apparel and equipment. For 2Q20, Nike expects 7% revenue growth (in line with Q1 reported revenue growth) and a 25-bps increase in gross margin. For FY20, Nike expects high single-digit constant-currency revenue 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: Retail-Tech Landscape: Retail MediaAnalyst Corner: US Mass Merchandisers, Warehouse Clubs and Discount Stores—Target in Transition as Dollar Stores and Clubs Surge Ahead, With Sujeet NaikAgentic Commerce—The Impact on Retail Media and How Retailers Should RespondSentiment Hits Four-Month Low as Higher-Income Confidence Weakens; Plus, Mass Merchandisers and Warehouse Clubs in Focus: US Consumer Survey Insights
