Sneaker giant Nike, Inc. (NYSE: NKE) on Monday reported a decline in earnings for the third quarter of 2022, despite an increase in revenues. The results topped Wall Street’s expectations.
Third-quarter revenues rose 5% annually to $10.9 billion, reflecting the continued improvement in demand conditions, and surpassed experts’ prediction. The company reported a net income of $1.40 billion or $0.87 per share for the quarter, compared to $1.45 billion or $0.90 per share in the third quarter of 2021. Analysts were looking for a smaller number for the latest quarter.
The company’s stock entered 2022 on a low note and declined steadily since then. It closed Monday’s trading lower but made modest gains in the after-hours following the quarterly report.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not
The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales