(Reuters) - Excluding items, earnings were 90 cents a share. That beat analysts' average expectations of earnings of 86 cents, excluding items, on revenue of $4.36 billion, according to Reuters Estimates.
Sluggishness in the U.S. athletic shoe market has been a worry on Wall Street since last year, with Nike's two largest U.S. customers, Foot Locker Inc. and Finish Line Inc., experiencing weakness in same-store sales. Nike has been working on store initiatives to help its retail partners and has offered shoes at a broader range of price points to appeal to cost-conscious shoppers.
Read more at Reuters.com Business News
Sluggishness in the U.S. athletic shoe market has been a worry on Wall Street since last year, with Nike's two largest U.S. customers, Foot Locker Inc. and Finish Line Inc., experiencing weakness in same-store sales. Nike has been working on store initiatives to help its retail partners and has offered shoes at a broader range of price points to appeal to cost-conscious shoppers.
Read more at Reuters.com Business News
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