Categories AlphaGraphs, Consumer, Earnings
NKE Earnings: Nike Q4 profit and sales decline but beat estimates
Nike, Inc. (NYSE: NKE) has reported stronger-than-expected sales and net profit for the fourth quarter of 2022, despite inflationary pressures. However, both the top line and earnings decreased from last year.
Fourth-quarter revenues dropped 1% annually to $12.2 billion, partly due to the company’s exit from Russia in the wake of the Ukraine war. However, the number surpassed experts’ prediction.
The sneaker giant reported net income of $1.44 billion or $0.90 per share for the quarter, compared to $1.51 billion or $0.93 per share in the fourth quarter of 2021. Analysts were looking for a smaller number for the latest quarter.
Read management/analysts’ comments on Nike’s Q4 results
“Our competitive advantages, including our pipeline of innovative products and expanding digital leadership, prove that our strategy is working as we create value through our relentless drive to serve the future of sport,” said Nike’s CEO John Donahoe.
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
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
