Categories AlphaGraphs, Earnings, Leisure & Entertainment
Nike Inc. (NKE) stock spikes after beating Q1 2021 estimates
Nike Inc.’s (NYSE: NKE) profit and revenue in the first quarter of fiscal 2021 surpassed the market’s estimates and sent the NKE stock up by about 7% in the extended trading hours. The sportswear giant reported a profit of $0.95 per share, up 10% year-over-year. Revenue declined 1% to $10.59 billion on a reported basis.
NIKE Direct sales increased 12% with growth across all geographies. NIKE Brand digital sales increased 82% with double-digit increases across North America, Greater China, and APLA and triple-digit growth in EMEA.
Despite opening a majority of stores in the quarter, Nike experienced year-over-year declines in physical retail traffic across the marketplace due to COVID-19 impacts and safety-related measures,
“Our results this quarter continue to demonstrate NIKE’s full competitive advantage, as we strengthen our position in the midst of disruption,” said CEO John Donahoe.
Most Popular
JBLU Earnings: All you need to know about JetBlue Airways Q3 2020 earnings results
JetBlue Airways Corporation (NASDAQ: JBLU) reported third quarter 2020 earnings results today. Total operating revenues declined 76% year-over-year to $492 million. The company reported a net loss of $393 million,
Infographic: Highlights of Merck & Co. (MRK) Q3 2020 earnings report
Merck & Co., Inc. (NYSE: MRK) reported stronger than expected earnings and sales for the third quarter of 2020. The company's stock gained early Tuesday immediately after the announcement. Worldwide
Earnings calendar for the week of Oct. 26
Bringing fresh optimism to the virus-hit market, U.S jobless claims for the week ended October 17 slipped to the lowest level since the onset of the pandemic, in a sign