Nike inc reports fiscal 2021 first quarter results

Nike, inc. reports fiscal 2021 first quarter results.q1 earnings per share $0.95.q1 revenue $10.6 billion versus refinitiv ibes estimate of $9.14 billion.q1 earnings per share estimate $0.47 -- refinitiv ibes data.qtrly nike brand digital sales increased 82 percent, or 83 percent on a currency-neutral basis.q1 revenue impacted by strong nike brand digital growth of 82 percent, offset by lower revenue in our wholesale business and nike-owned stores.quarter end inventory rose 15 percent versus prior year but decreased 9 percent versus prior quarter.continue to experience year-over-year declines in physical retail traffic across marketplace due to covid-19 impacts.qtrly nike direct sales were $3.7 billion, up 12 percent on a reported basis.qtrly revenues for nike brand were $10.0 billion, flat to prior year on a currency-neutral basis.qtrly greater china total revenue was $1,780 million versus $1,679 million.qtrly gross margin decreased 90 basis points to 44.8 percent primarily as a result of impacts from covid-19.qtrly selling and administrative expense decreased 11 percent to $3.0 billion.qtrly asia pacific & latin america revenue $1,099 million versus $1,345 million.qtrly north america total revenue $4,225 million versus $4,293 million reported last year.total liquidity at august 31 was $13.4 billion.qtrly europe, middle east & africa total revenue $2,910 million versus $2,773 million reported last year.
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