But while Nike's revenues disappointed, the retailer still grew sales by 8 percent, and by 14 percent excluding the impact of currency. Those results easily top those from the overall industry. According to Retail Metrics data, of the 107 retailers who have reported quarterly earnings, revenues are up just 3.7 percent year-over-year.
Expectations, however, had been high for Nike heading into its earnings report. On Monday, JP Morgan added the brand to its analyst focus list, replacing smaller competitor Lululemon. Buzz had also been building around the brand following a two-day event it held last week, when it debuted the highly anticipated self-lacing sneaker.
"Nike has never been in a better position to deliver against our long term goals," CEO Mark Parker said on the company's conference call.