Affected by the absence of a onetime tax benefit, Nike Inc. saw first-quarter net earnings slide 10 percent, but still handily beat Wall Street expectations.
For the three months ended Aug. 31, the active giant posted net earnings of $510.5 million, or $1.03 a diluted share, compared with $569.7 million, or $1.12, in the prior year. Sales climbed 17 percent to $5.4 billion from $4.7 billion.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"