Nike’s sales soared by 18 percent to $5.7 billion for its second fiscal quarter, until the end of November, with an increase of 16 percent in constant currencies. Japan was the only region where the Nike brand’s turnover decreased in constant currencies, while European sales growth remained sluggish. However, the company reaped a meager gross margin of 42.7 percent, down by 2.6 basis points. It ended the quarter with net income of $469 million, up by 3 percent.
The full story is in this week’s issue of SGI Europe.