Nike Inc. said Thursday that second-quarter net income fell 4 percent, partially due to softness in apparel sales, yet the athletic clothing and footwear manufacturer still topped analysts’ estimates.
The Beaverton, Ore.-based vendor said that for the period ended Nov. 30, net income slid to $375.4 million, or 76 cents a diluted share, compared with $391 million, or 80 cents, in the year-ago quarter. Revenues dipped 4 percent to $4.41 billion from $4.59 billion a year earlier. Analysts polled by Yahoo expected earnings per share of 71 cents on sales of $4.4 billion.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)