Growth in all geographic markets but Japan and tight cost controls helped Nike Inc. expand its third-quarter profits more than expected despite continuing pressure on margins.
In the three months ended Feb. 29, the Beaverton, Ore.-based athletic footwear and apparel giant expanded net income 7.1 percent to $560 million, or $1.20 a diluted share, above the $1.17 analysts’ estimate as well as the year-ago mark of $523 million, or $1.08. Total revenues were up 15.1 percent, to $5.85 billion from $5.08 billion, as Nike brand footwear sales rose 16.7 percent, to $3.35 billion, and apparel volume was up 12.2 percent to $1.46 billion.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)