Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Nike third quarter sales up 4% in Western Europe

Sales of Nike footwear in Western Europe, which includes the UK, soared by 8% over the third quarter while clothing sales dropped back by 1%.

Nike said total sales in Western Europe, were up 4% to $929m (£607.5m) compared with the same period last year, on the back of the strong footwear sales. Third quarter EBIT in the territory was flat against last year at $199 million (£130m).

Nike footwear sales in Western Europe for the period increased 8% to $577m (£377m), clothing revenue declined 1% to $300m (£196m) and equipment revenue fell 4% $52m (£34m).

Nike said that for the three months to February 28, its total profits more than doubled to $496.4m (£307m), up from $243.8m (£159.4m) in the same period last year. Revenue was up 7% to $4.7bn (£3.1bn).

Gross margins at Nike also grew to 46.9% compared to 43.9% for the same period last year.

Mark Parker, president and chief executive of Nike said: “We had a great quarter. Today’s results reinforce our belief that when we connect with consumers in deep and meaningful ways from product concepts to how they experience our brands, we win in the marketplace and drive sustainable,profitable growth.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.