Categories AlphaGraphs, Consumer, Earnings, Retail
Infographic: Nike reports stronger-than-expected Q3 earnings; revenues miss
Nike, Inc. (NYSE: NKE) said its third-quarter profit grew in double-digits as the ongoing demand recovery boosted sales. Earnings also topped expectations, while the top-line missed.
Reflecting the improvement in demand conditions, third-quarter revenues grew 3% annually to $10.36 billion. As a result, net profit moved up to $1.45 billion or $0.90 per share from $847 million or $0.53 per share in the third quarter of 2020. Analysts were looking for slower growth.
Read management/analysts’ comments on Nike’s Q3 results
Shares of Nike entered 2021 on an upbeat note and hit an all-time high in the early weeks. They closed Thursday’s trading lower and continued to lose in the after-hours following the quarterly report.
Looking for more insights?
Read the full conference call transcript here. It’s free!
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
