Company Earnings Update 3 minutesRegister for Free AccessNike (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? Register for a free user account. This document was generated for Other research you may be interested in: US Consumer Tracker: Shoppers Show Reduced Awareness of Price IncreasesCES 2023 Day Two: Deborah Weinswig Presents Key Opportunities for Retailers in the Face of Brisk HeadwindsGenerative AI Latest: Strong Potential for Language and Code Translation; Global Telco AI Alliance Fosters AI CollaborationShoptalk Fall 2024 Day Three: Tech and Personalization Power the Store Experience and Foster Customer Loyalty
