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.
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
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Earnings Preview: Fastenal Company likely to report higher Q2 sales and profit
Fastenal Company (NASDAQ: FAST), a leading provider of industrial and construction supplies, is set to publish its second-quarter results next week. The company is among the hardest hit by the
What to look for when Netflix (NFLX) reports its Q2 2025 earnings results
Shares of Netflix, Inc. (NASDAQ: NFLX) stayed red on Monday. The stock has gained 50% over the past three months. The streaming giant is scheduled to report its earnings results
Coinbase shines on stablecoin boom, S&P 500 debut. Will the rally continue?
Coinbase Global, Inc. (NASDAQ: COIN) has emerged as the largest and most user-friendly cryptocurrency exchange in the US, since going public a few years ago. It has played a pivotal