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Article Date: March 2019
Word Count: 1131

Nike Digital Sales Jump in Fiscal Third Quarter

The Eager Beavertons were back in the black for fiscal Q3 ended Feb. 28, reporting net income of $1,101 million against a loss of $921 million last year that included a $2 billion charge from the Tax Act, on revenues that were up 7% to $9,611 million from $8,984 million and increased 11% constant currency. Pre-tax income was 11% higher at $1,291 million vs. $1,159 million. The top line gains were broad-based for the Nike brand, with growth across wholesale and Nike Direct led by Sportswear and brand Jordan, and double-digit increases in footwear and apparel, though equipment declined slightly. ... Log in to view full article.


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