Insight Report 2 minutes PremiumNike (NKE) 3Q16 Results: Misses on Revenue, Beats on EPS, Orders Up 12% Coresight Research March 22, 2016 Executive Summary NIKE reported fiscal 3Q16 revenues of $8.0 billion, up 7.7% year over year and up 14% on a currency-neutral basis but below the $8.2 billion consensus estimate. EPS was $0.55, beating the consensus estimate by $0.06. Revenues for the NIKE Brand were $7.6 billion, up 9.1% and up 15% on a currency-neutral basis, up in all geographies and key categories. Revenues for Converse were $489 million, down 5% on a currency-neutral basis, owing to a new order system that pulled orders scheduled for 4Q15 back into 3Q15. At the end of the quarter, futures orders for delivery during March–July 2016 were up 12% year over year and 17% higher excluding currency changes. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Data Dive: UK Retail Sales Outlook 2023Is Influencer Marketing Still Effective in the Global Beauty Market?Market Navigator: US Grocery Retailing—Igniting Unit Growth in a Low-Inflation EnvironmentWeinswig’s Weekly: Drones Are Really Beginning To Take Off
