Strength in North America and Europe and from the Converse brand allowed Nike Inc. to beat earnings expectations for the first quarter and sent shares to all-time highs in after-hours trading.
The company broke out results for the Converse brand for the first time, reporting an 18.2 percent increase in quarterly revenue, to $494 million, and a 36.3 percent leap in operating profit, to $169 million. Nike said it would continue to seek expansion for the brand in the direct-to-consumer channel and, in the words of Nike’s president and chief executive officer Mark Parker, “unlock growth in apparel.”
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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