Categories AlphaGraphs, Earnings, Retail

Nike (NKE) swings to profit in Q4 on 96% revenue growth; results beat

Nike, Inc. (NYSE: NKE) reported a profit for the fourth quarter of 2021, compared to a loss last year, as revenues of the sneaker giant surged 96% aided by strong demand. The results also topped Wall Street’s expectations.

Nike Q4 2021 earnings infographic

Fourth-quarter revenues jumped 96% annually to $12.3 billion, reflecting the continued improvement in demand conditions, and surpassed experts’ prediction. As a result, the company turned to a profit of $1.5 billion or $0.93 per share from a loss of $790 million or $0.51 per share in the fourth quarter of 2020. Analysts were looking for a smaller number for the latest quarter.


Read management/analysts’ comments on Nike’s Q4 results


The company’s stock had entered 2021 on an upbeat note and peaked in the early days of the year, but lost momentum since then and experienced high volatility. It closed Thursday’s trading higher and continued to gain in the after-hours following the quarterly report.

Prior Performance

  • Nike (NKE) Q1 2021 Earnings Infograph

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results

Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a

AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates

Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top