Categories AlphaGraphs, Consumer, 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.

Nike Q3 2021 earnings infographic

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.

  • Nike (NKE) Q1 2021 Earnings Infograph

Looking for more insights?

Read the full conference call transcript here. It’s free!

Most Popular

Conagra (CAG) bets on consumer psychology to drive future demand and growth

Conagra Brands Inc. (NYSE: CAG) reported strong results for the third quarter of 2021 which surpassed expectations. Net sales increased 8.5% to $2.8 billion helped by the increase in at-home

Carnival Corp. (CCL): Vaccine rollout and pent-up demand provide optimism for the cruise operator

Shares of Carnival Corp. (NYSE: CCL) were down over 2% on Thursday. The company reported first quarter 2021 earnings results a day ago which missed expectations. Despite seeing a drastic

It might not be the right time to invest in American Express. Here’s why

Widespread flight cancellations and restrictions on the hotel industry during the pandemic have had a ripple effect on credit card companies and payment service providers. After going through a rough

Add Comment
Viewing Highlight