Nike reports Q2 EPS 85c, consensus 65c

Reports Q2 revenue $13.32B, consensus $12.57B. Q2 Nike Direct sales were $5.4B, up 16% on a reported basis and up 25% on a currency-neutral basis. Q2 Nike Brand Digital sales increased 25% on a reported basis, or 34% on a currency-neutral basis. Q2 wholesale revenues grew 19% on a reported basis and 30% on a currency-neutral basis. Q2 gross margin decreased 300 basis points to 42.9%. Nike CEO John Donahoe said, "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."