Categories AlphaGraphs, Consumer, Earnings
NKE Earnings: Nike Q4 profit and sales decline but beat estimates
Nike, Inc. (NYSE: NKE) has reported stronger-than-expected sales and net profit for the fourth quarter of 2022, despite inflationary pressures. However, both the top line and earnings decreased from last year.
Fourth-quarter revenues dropped 1% annually to $12.2 billion, partly due to the company’s exit from Russia in the wake of the Ukraine war. However, the number surpassed experts’ prediction.
The sneaker giant reported net income of $1.44 billion or $0.90 per share for the quarter, compared to $1.51 billion or $0.93 per share in the fourth quarter of 2021. Analysts were looking for a smaller number for the latest quarter.
Read management/analysts’ comments on Nike’s Q4 results
“Our competitive advantages, including our pipeline of innovative products and expanding digital leadership, prove that our strategy is working as we create value through our relentless drive to serve the future of sport,” said Nike’s CEO John Donahoe.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Infographic: Key metrics from Estee Lauder’s (EL) Q3 2024 earnings results
The Estee Lauder Companies Inc. (NYSE: EL) reported its third quarter 2024 earnings results today. Net sales were $3.94 billion, up 5% from the prior-year quarter. Organic sales increased 6%.
YUM Earnings: Key quarterly highlights from Yum! Brands’ Q1 2024 financial results
Yum! Brands, Inc. (NYSE: YUM) reported first quarter 2024 earnings results today. Total revenues decreased 3% year-over-year to $1.59 billion. Same-store sales declined 3%. Net income increased 5% to $314
Pfizer (PFE) Q1 2024 Earnings: Key financials and quarterly highlights
Pfizer Inc. (NYSE: PFE) reported first quarter 2024 earnings results today. Revenues decreased 20% year-over-year to $14.8 billion. Reported net income declined 44% to $3.1 billion, or $0.55 per share,
