3 Must-See Quotes From Nike's Earnings Call
Footwear and apparel retailer Nike (NYSE: NKE) crushed it in its first quarter of fiscal 2020. Its stock jumped on Tuesday as investors digested Nike's better-than-expected revenue and earnings per share. Revenue rose 7% year over year to $10.7 billion, easily beating analysts' average forecast for revenue of $10.4 billion. In constant currency, revenue was up 10% year over year. Meanwhile, Nike's earnings per share soared 28% to $0.86, smashing a consensus forecast for $0.70.
"NIKE's strong product innovation, combined with our industry-leading digital experiences, continue to deepen our consumer relationships around the world," said CEO Mark Parker in the fiscal first-quarter earnings call.
Looking beyond the earnings release, more insight into the company's strong performance can be gleaned from its earnings call yesterday.
Source Fool.com
