Group 1 - Nike Inc. shares increased over 3% in intra-day trading following the release of quarterly earnings that surpassed Wall Street expectations, driven by stronger wholesale sales [1] - The company reported first-quarter earnings of $0.49 per share, significantly higher than analyst estimates of $0.27 [1] - Revenue for the quarter rose 1% year-over-year to $11.7 billion, aligning closely with market forecasts [1] Group 2 - Wholesale revenue grew by 7% to $6.8 billion as retailers replenished inventory in anticipation of major sports launches [2] - Nike Direct sales, encompassing retail stores and digital channels, declined by 4% due to weaker online demand [2] - Sales from the core Nike brand increased by 2%, primarily driven by North America, while Greater China experienced a decline [2] Group 3 - Converse revenue fell by 27% [2] - Gross margin decreased by 320 basis points to 42.2% as a result of higher tariffs and discounting [2] - Net income dropped by 31% to $700 million [2]

Core Insights - U.S. wholesale sales increased by 0.2% in June, contrary to expectations of a 0.1% decline [1]

Core Insights - Canadian wholesale sales increased by 0.1% in May, contrary to expectations of a 0.4% decline [1] Group 1 - The actual growth in wholesale sales indicates a stronger performance than anticipated, suggesting resilience in the sector [1]

Group 1 - The core point of the article indicates that U.S. wholesale sales increased by 0.1% in April, which is below the expected growth of 0.3% [1] - The previous value of wholesale sales growth was revised from an increase of 0.6% to an increase of 0.8% [1]