Nike'S Net Profit In The First Quarter Was 645 Million US Dollars &Nbsp, Up 15% Over The Same Period Last Year.
23, Nike sports products announced its first quarter financial report.
The report shows Nike's first quarter net.
profit
It was $645 million, an increase of 15% over the same period last year. The report is mainly due to a significant increase in revenues from North American and emerging markets.
Affected by this, Nike shares rose 5%, to $88.92.
The report says sales in other parts of the world have increased except for sales growth in Western Europe.
Among them, Nike's largest market, North American market sales increased by 15%, emerging markets.
Sale
The sales volume increased by 24%; the sales in the Chinese market increased by 9%; the sales in the Japanese market increased by 5%.
According to the report data, as of August 31st this year, Nike's net profit in the current quarter was 645 million US dollars, and its earnings per share were US $1.36, which is better than the same period last year and exceeded analysts' expectations.
It is reported that the first quarter of last fiscal year, Nike net profit of 559 million U.S. dollars, earnings per share of 1.14 dollars.
According to the survey, 18 analysts surveyed expect an average earnings of $1.21 per share in the first quarter of Nike.
In the past 21 quarters, Nike's quarterly results exceeded analysts' expectations for 20 times.
In addition, Nike's first quarter revenue was $6 billion 80 million, an increase of 18% over the same period last year. North America's revenue was $2 billion 200 million, an increase of 16% over the same period last year. The data also exceeded analysts' expectations. Analysts had expected Nike's first quarter revenue to be $5 billion 750 million.
It is reported that Nike's global future in the quarter.
Order
The volume increased by 16% to $8 billion 500 million, an increase of 13%.
The gross profit margin of the company fell to 44.3% from 47% in the same period last year.
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