Earnings Review: Nike Continues To Grow On Higher Comparable Sales, More Profitable Sales Mix

Sports giant Nike recorded another strong quarter in Q3 2015, with revenue rising by 7% annually to $7.5 billion. Gross margin expanded by 140 basis points y-o-y, on the back of a shift in the sales mix to higher margin products, and continued growth in all product types, geographies, and the higher margin direct-to-consumer business, partially offset by an increase in input costs. The company's strong performance in Q3 2015 was underscored by high growth in North America, Western Europe, and Gr...