Nike Inc. on Thursday posted first-quarter results that beat analysts’ expectations by 13 cents and said worldwide futures orders were up from a year ago.
For the three months ended Aug. 31, income was up 9 percent to $559 million, or $1.14 a diluted share, from $513 million, or $1.04, in last year’s period. Analysts were expecting $1.01 a share. Revenues climbed 7.8 percent to $5.18 billion from $4.8 billion.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"