Nike came out of the blocks strong in its fiscal first quarter ended Aug. 31, handily beating Wall St. expectations with a 25% jump in net income to $1,367 million from $1,092 million on a 7% revenue gain to $10,660 million from $9,948 million powered by 27% currency neutral growth in China and improvement from all regions and categories. Total sales would have been up 10% constant currency. Despite trade and currency headwinds, Nike continues to expect full year revenues to increase high-single digits, gross margin to be up 50 to 75 basis points, and SG&A growing in line with ... Log in to view full article.