Nike, Inc. Delivers As Promised to Start the New Fiscal Year
Nike Inc. (NYSE: NKE) announced fiscal first-quarter 2018 results on Tuesday after the market closed, and shares are down around 4% in after-hours trading as of this writing. Just as the athletic footwear and apparel giant suggested would be the case three months ago, continued strong international growth this quarter was almost entirely offset by expected weakness in the North American market.
Let's take a closer look at how Nike kicked off its new year, as well as what investors can expect from the company in the months ahead.
Image source: Nike.
Source: Fool.com
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