Nike Gives Cautious North American Outlook; Profits Jump
The sports apparel and sneaker giant scored profits of $1.1 billion for the quarter ending February 28, up 20 percent from the year-ago period. Revenues came in at $8.43 billion, up five percent from the year-earlier period, but a bit below the $8.47 billion expected by analysts. Gross margins contracted by 140 basis, due in … Read more