What Nike's Earnings Mean For Mutual Fund Investors (NKE)

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What Nike's Earnings Mean For Mutual Fund Investors (NKE)

Shauna O'Brien Mar 20, 2015

Inside NKE’s Results

Nike reported net income of $791 million, or 89 cents per share, up 16% from $682 million, or 75 cents per share, last year. On average, analysts expected to see EPS of 84 cents.

Sales increased 7% to $7.46 billion from $6.97 billion last year. Analysts expected to see revenue of $7.62 billion.

Challenging Macroeconomic Conditions Continue

The company has been growing due to higher demand for athletic wear fashion products, but Nike now expects to see lower results for FY2016 due to challenging macroeconomic conditions.

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The Bottom Line

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