Insight Report 3 minutes PremiumNike (NKE) 1Q17 Results: Beats on Revenue and EPS; Orders up 5% Coresight Research September 28, 2016 Executive Summary Nike reported fiscal 1Q17 adjusted EPS of $0.73, ahead of the $0.56 consensus estimate and up 9.0% year over year. Revenues were $9.1 billion, up 8.0% year over year and beating the consensus estimate of $8.9 billion. Apparel was the strongest product category in the quarter; revenues were up 9% year over year, and up 12% excluding currency changes. Globally, footwear sales grew by 7%, and by 10% in constant currency. Greater China was the strongest geographic region, with sales up 21% excluding currency changes. The company has reported that futures orders scheduled for delivery from September 2016 through January 2017 are up 5% year over year globally, or up 7% excluding currency changes, with the most significant increases represented by Japan at 26% and Greater China at 15%. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Market Navigator: US Mass Merchandisers, Warehouse Clubs and Discount Stores—Growth Slowdown To Persist Amid Sluggish Discretionary Spending1Q23 US Retail Inventory Tracker: Inventory Turnover Ratios Further Improve for Many RetailersUS Consumer Tracker: Shoppers Show Reduced Awareness of Price IncreasesNRF APAC 2024: Wrap-Up—Strategizing for the Future of Retail with AI and Customer-Centricity