Nike Accelerates Growth Despite Macro Challenges
Nike (NYSE: NKE) announced fiscal first-quarter 2020 results on Tuesday after the market closed, delivering better-than-expected revenue and earnings growth even amid heightened macroeconomic uncertainty and the negative impact of tariffs. Nike also modestly raised its full-year margin guidance while reaffirming its outlook for top-line growth.
With shares of the athletic footwear and sportswear leader up more than 5% in after-hours trading in response, let's take a closer look at how it kicked off the new fiscal year.
IMAGE SOURCE: NIKE.
Source Fool.com
