Nike Scores a Slam Dunk, Another Big Quarter for the Sports Retailer




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Summary: Nike (NKE) just did it. The sports retailer scores another big quarter after it delivered quarterly earnings that sprinted past estimates. The fitness giant posted fiscal 2nd quarter earnings of 90 cents per share, up from 74 cents a share a year earlier. Every geography saw double digit revenue growth in the quarter. Bed, Bath & Beyond (BBBY) is feeling the heat from online shopping. It lowered its quarterly guidance, citing lower than expected sales. The company, like other brick and mortar retailers, is facing intense competition from online retailers like Amazon (AMZN). Meanwhile, the world's most famous band will finally be available on streaming music services starting Christmas eve. The Beatles have confirmed the Fab Four's music will be on all of the obvious music services, including Spotify, Apple Music, Google Play, and Tidal.