More on Nike's FQ4: Futures orders +8% Y/Y to $12.1B, better than FQ3's 6%. Gross margin was...

|About: Nike Inc. (NKE)|By:, SA News Editor

More on Nike's FQ4: Futures orders +8% Y/Y to $12.1B, better than FQ3's 6%. Gross margin was 43.9%, -30 bps Q/Q and +110 bps Y/Y. Overhead expenses +19% Y/Y to $1.4B (wholesale and direct-to-consumer investments). Demand creation (marketing) spend -13% (big investments a year ago). North America sales +12% (+18% in FQ2), Western Europe -1% (+8% prior), China flat (an improvement from -8%), Central/Eastern Europe +9%, Japan -11%, emerging markets +22%. Footwear +7%, apparel +6%, equipment +11%. $242M worth of buybacks. NKE +3.2% AH, CC underway (webcast). (PR)