Nike’s direct sales for the quarter were worth $5.4 billion up 16% and digital sales were up 25%. Gross margin declined slightly to 42.9% and wholesale revenues grew 19%.
“Nike’s results this quarter are a testament to our deep connection with consumers,” said John Donahoe, President and CEO, Nike. “Our growth was broad-based and was driven by our expanding digital leadership and brand strength. These results give us confidence in delivering the year as our competitive advantages continue to fuel our momentum.”
