Finance

Nike earnings and sales beat estimates as retailer books record revenue in North America

In this article

A man walks in front of Nike products exhibit, on February 22, 2021 in New York City.
John Smith | Corbis News | Getty Images

Nike on Thursday reported fiscal fourth-quarter earnings and sales that topped analysts’ estimates, fueled by record revenue in North America.

Nike shares jumped more than 4% in after-hours trading.

Here’s how the company did during its fiscal fourth quarter, compared with what analysts were anticipating, using Refinitiv estimates:

  • Earnings per share: 93 cents vs. 51 cents expected
  • Revenue: $12.34 billion vs. $11.01 billion expected

Find the full earnings press release from Nike here.

This story is developing. Please check back for updates.

Articles You May Like

Ford’s EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units
Euro Leads Gains as Dollar Struggles Post-FOMC; BoE and SNB Decisions Take Center Stage
Gold unstoppable! Should you buy at current highs or wait for correction?
Market Turbulence Returns as Deutsche Bank Shares Plummet, Shaking Currency Markets
Powerful Steeper Trend Line Trading System || Pure Price Action Trading || Trade Like A Pro

Leave a Reply

Your email address will not be published. Required fields are marked *