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
PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates
Consumer goods behemoth The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly. Core
AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results
American Express Company (NYSE: AXP) reported its first quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, increased 11% year-over-year to $15.8 billion, driven mainly by higher
Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers
Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's
