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April 09, 2019 12:00 AM

Nike pushes on in Q3 2019

Utech Staff
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    Beavertown, Oregon — Nike had total sales of $9.6 bn in third quarter 2019, up 7.0 % on the previous financial year. Gross profit across the business rose by 10.2 %, reaching $4.3 bn in the 2018 financial year.

    Sales in the company's footwear business rose 9.2 % between the 2018 and 2019 quarters. They reached $6.1 bn in the 2019 financial year. This compares with $5.6 bn in the previous year.

    The company does not break out profits for the footwear section in quarterly results.

    Nike added that in the third quarter, unit sales of footwear increased 6%. The company was able to squeeze more revenue out of each pair of shoes it sold, and this added about 7% to footwear revenue growth.

    The figures are contained in a filing to the US SEC.

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