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? Register for a free user account. This document was generated for Other research you may be interested in: Decode the Future of How We Shop, Eat and Play at NextGen Commerce, a Coresight Research Conference—Event PreviewWhat the Ozempic Economy Means for US RetailMarket Navigator: US Department Stores—Softness Ahead Despite Opportunities in Experiences and Alternative ModelsInnovator Profile: Frate Reduces the Impacts of Retail Returns on Profitability and the Environment
