Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Fashion / Nike Q2 FY18 revenue rises 5% to $8.6 billion
Nike Q2 FY18 revenue rises 5% to $8.6 billion
23
Dec '17
<span class="news-details-txt">The revenue for Nike has been recorded at $8.6 billion for the second quarter of fiscal 2018, up 5 per cent as compared to the same period previous year. For the reported quarter, revenue growth was driven by international geographies and continued strength in Nike Direct, which was partly offset by an expected decline in North America wholesale revenue.                                  <p>                                  <p>Diluted earnings per share were $0.46, down 8 per cent compared to the same period last year primarily due to decline in gross margin and higher selling and administrative expense, which offset solid revenue growth, a lower tax rate and a lower average share count.                                  </p>                                  <p>The company's gross margin declined to 43.0 per cent, as higher average selling prices were more than offset by unfavorable changes in foreign currency exchange rates and, to a lesser extent, higher product costs per unit.                                  </p>                                  <p>For the reported period, net income decreased 9 per cent to $767 million as a decline in gross margin and higher selling and administrative expense more than offset revenue growth and a lower tax rate, while diluted earnings per share decreased 8 per cent from the prior year to $0.46, including a 2 per cent decline in the weighted average diluted common shares outstanding.                                  </p>                                  <p>'This quarter, led by our consumer direct offense, we accelerated international growth and built underlying momentum in our domestic business," said Mark Parker, chairman, president and CEO, Nike, Inc. "For the back half of the fiscal year, Nike’s innovation line-up is as strong as it’s ever been and we’ll continue to actively shape retail through new differentiated experiences."                                  </p>                                  <p>Selling and administrative expense increased 10 per cent to $2.8 billion for the second quarter of 2018. Demand creation expense was $877 million, up 15 per cent, primarily driven by higher sports marketing and advertising costs. Operating overhead expense increased 8 per cent to $1.9 billion, due largely to higher administrative costs and continued investments in Nike Direct. (RR)                                  </p>
         <p class="text-right">Fibre2Fashion News Desk – India                                  </p>
     </span>                                  ImgCaption<span class="news-details-txt">The revenue for Nike has been recorded at $8.6 billion for the second quarter of fiscal 2018, up 5 per cent as compared to the same period previous year. For the reported quarter, revenue growth was driven by international geographies and continued strength in Nike Direct, which was partly offset by an expected decline in North America wholesale revenue.                                  <p>                                  <p>Diluted earnings per share were $0.46, down 8 per cent compared to the same period last year primarily due to decline in gross margin and higher selling and administrative expense, which offset solid revenue growth, a lower tax rate and a lower average share count.                                  </p>                                  <p>The company's gross margin declined to 43.0 per cent, as higher average selling prices were more than offset by unfavorable changes in foreign currency exchange rates and, to a lesser extent, higher product costs per unit.                                  </p>                                  <p>For the reported period, net income decreased 9 per cent to $767 million as a decline in gross margin and higher selling and administrative expense more than offset revenue growth and a lower tax rate, while diluted earnings per share decreased 8 per cent from the prior year to $0.46, including a 2 per cent decline in the weighted average diluted common shares outstanding.                                  </p>                                  <p>'This quarter, led by our consumer direct offense, we accelerated international growth and built underlying momentum in our domestic business," said Mark Parker, chairman, president and CEO, Nike, Inc. "For the back half of the fiscal year, Nike’s innovation line-up is as strong as it’s ever been and we’ll continue to actively shape retail through new differentiated experiences."                                  </p>                                  <p>Selling and administrative expense increased 10 per cent to $2.8 billion for the second quarter of 2018. Demand creation expense was $877 million, up 15 per cent, primarily driven by higher sports marketing and advertising costs. Operating overhead expense increased 8 per cent to $1.9 billion, due largely to higher administrative costs and continued investments in Nike Direct. (RR)                                  </p>
         <p class="text-right">Fibre2Fashion News Desk – India                                  </p>
     </span>
The revenue for Nike has been recorded at $8.6 billion for the second quarter of fiscal 2018, up 5 per cent as compared to the same period previous year. For the reported quarter, revenue growth was driven by international geographies and continued strength in Nike Direct, which was partly offset by an expected decline in North America wholesale revenue.

Diluted earnings per share were $0.46, down 8 per cent compared to the same period last year primarily due to decline in gross margin and higher selling and administrative expense, which offset solid revenue growth, a lower tax rate and a lower average share count.

The company's gross margin declined to 43.0 per cent, as higher average selling prices were more than offset by unfavorable changes in foreign currency exchange rates and, to a lesser extent, higher product costs per unit.

For the reported period, net income decreased 9 per cent to $767 million as a decline in gross margin and higher selling and administrative expense more than offset revenue growth and a lower tax rate, while diluted earnings per share decreased 8 per cent from the prior year to $0.46, including a 2 per cent decline in the weighted average diluted common shares outstanding.

'This quarter, led by our consumer direct offense, we accelerated international growth and built underlying momentum in our domestic business," said Mark Parker, chairman, president and CEO, Nike, Inc. "For the back half of the fiscal year, Nike’s innovation line-up is as strong as it’s ever been and we’ll continue to actively shape retail through new differentiated experiences."

Selling and administrative expense increased 10 per cent to $2.8 billion for the second quarter of 2018. Demand creation expense was $877 million, up 15 per cent, primarily driven by higher sports marketing and advertising costs. Operating overhead expense increased 8 per cent to $1.9 billion, due largely to higher administrative costs and continued investments in Nike Direct. (RR)

Fibre2Fashion News Desk – India

ImageTextCaptionThe revenue for Nike has been recorded at $8.6 billion for the second quarter of fiscal 2018, up 5 per cent as compared to the same period previous year. For the reported quarter, revenue growth was driven by international geographies and continued strength in Nike Direct, which was partly offset by an expected decline in North America wholesale revenue.

Diluted earnings per share were $0.46, down 8 per cent compared to the same period last year primarily due to decline in gross margin and higher selling and administrative expense, which offset solid revenue growth, a lower tax rate and a lower average share count.

The company's gross margin declined to 43.0 per cent, as higher average selling prices were more than offset by unfavorable changes in foreign currency exchange rates and, to a lesser extent, higher product costs per unit.

For the reported period, net income decreased 9 per cent to $767 million as a decline in gross margin and higher selling and administrative expense more than offset revenue growth and a lower tax rate, while diluted earnings per share decreased 8 per cent from the prior year to $0.46, including a 2 per cent decline in the weighted average diluted common shares outstanding.

'This quarter, led by our consumer direct offense, we accelerated international growth and built underlying momentum in our domestic business," said Mark Parker, chairman, president and CEO, Nike, Inc. "For the back half of the fiscal year, Nike’s innovation line-up is as strong as it’s ever been and we’ll continue to actively shape retail through new differentiated experiences."

Selling and administrative expense increased 10 per cent to $2.8 billion for the second quarter of 2018. Demand creation expense was $877 million, up 15 per cent, primarily driven by higher sports marketing and advertising costs. Operating overhead expense increased 8 per cent to $1.9 billion, due largely to higher administrative costs and continued investments in Nike Direct. (RR)

Fibre2Fashion News Desk – India

The revenue for Nike has been recorded at $8.6 billion for the second quarter of fiscal 2018, up 5 per cent as compared to the same period previous year. For the reported quarter, revenue growth was driven by international geographies and continued strength in Nike Direct, which was partly offset by an expected decline in North America wholesale revenue.

Diluted earnings per share were $0.46, down 8 per cent compared to the same period last year primarily due to decline in gross margin and higher selling and administrative expense, which offset solid revenue growth, a lower tax rate and a lower average share count.

The company's gross margin declined to 43.0 per cent, as higher average selling prices were more than offset by unfavorable changes in foreign currency exchange rates and, to a lesser extent, higher product costs per unit.

For the reported period, net income decreased 9 per cent to $767 million as a decline in gross margin and higher selling and administrative expense more than offset revenue growth and a lower tax rate, while diluted earnings per share decreased 8 per cent from the prior year to $0.46, including a 2 per cent decline in the weighted average diluted common shares outstanding.

'This quarter, led by our consumer direct offense, we accelerated international growth and built underlying momentum in our domestic business," said Mark Parker, chairman, president and CEO, Nike, Inc. "For the back half of the fiscal year, Nike’s innovation line-up is as strong as it’s ever been and we’ll continue to actively shape retail through new differentiated experiences."

Selling and administrative expense increased 10 per cent to $2.8 billion for the second quarter of 2018. Demand creation expense was $877 million, up 15 per cent, primarily driven by higher sports marketing and advertising costs. Operating overhead expense increased 8 per cent to $1.9 billion, due largely to higher administrative costs and continued investments in Nike Direct. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Pexels

Textiles | On 20th Sep 2018

Risk to US consumers grows with tariff escalation: NRF

The US National Retail Federation (NRF) has expressed disappointment...

India's 2018-19 forward cotton export contract up by 100%

Textiles | On 20th Sep 2018

India's 2018-19 forward cotton export contract up by 100%

Rise in demand from China, lower domestic prices and depreciation of...

India’s CAIT demands early introduction of e-com policy

Apparel/Garments | On 20th Sep 2018

India’s CAIT demands early introduction of e-com policy

The Confederation of All India Traders (CAIT) recently urged commerce ...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search