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Nike Posts Flat Revenue In Q1 Amid North American Declines

Nike's "new challenging era was reflected in flat revenue growth" and a 24% decline in earnings per share in Q1. Robust international sales were "balanced by another decline in North American revenue," while the company "kept a tight lid on expenses" (OREGONLIVE.com, 9/26). Nike's net income for the quarter was $950M, down from $1.25B in the year-ago period. However, profits "hit the high end of analysts' estimates and outperformed the average" (WWD.com, 9/26).

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