Nike Inc (NYSE: NKE) reported financial results Thursday for its fiscal 2015 second quarter ended November 30, 2014. Revenues increased 15 percent to $7.4 billion, above estimates of $7.15 billion and up 18 percent on a currency neutral basis compared to the prior year period.
Revenues for the Nike Brand were $7.0 billion, up 17 percent on a currency neutral basis, with growth in every product type, geography and key category, except Golf.
Net income increased 23 percent to $655 million, while diluted earnings per share increased 25 percent to $0.74, above estimates of $0.70.
Selling and administrative expense increased 17 percent to $2.4 billion. Demand creation expense was $766 million, up 11 percent versus the prior year, driven by marketing support for new product launches, digital brand marketing and consumer events.
Operating overhead expense increased 19 percent to $1.7 billion, reflecting growth in the DTC business, as well as investments in operational infrastructure and digital capabilities and engagement.
“Our strong second quarter results once again demonstrate NIKE is a growth company,” said Mark Parker, President and CEO of NIKE, Inc. “The power of our portfolio continues to unlock growth, as we keep a laser focus on our biggest opportunities. The breadth and depth of that portfolio has helped us consistently deliver strong results – quarter after quarter, year after year.”
Nike traded at $94.90 in the after-hours session, down 2.25 percent.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
