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NEW YORK (AP) — Nike sales and profits slumped in its fiscal first quarter as the sportswear giant wrestles with shoppers' sluggish demand for new sneaker models and other products.
In North America, Black Friday week was our largest demand week ever on NIKE Digital, with sales up double digits. In Greater China, our 11/11 performance exceeded plan.
As a result, Nike's sales dropped 8% year over year to $12.35 billion in the period ended Nov. 30, although that topped the $12.12 billion analyst consensus. Nike brand revenue fell 7% to $12 ...
NEW YORK (AP) — Nike sales and profits slumped in its fiscal first quarter as the sportswear giant wrestles with shoppers' sluggish demand for new sneaker models and other products. The lackluster results Tuesday came after Nike announced last month that its CEO, John Donahoe, is stepping down on Oct. 13. Company veteran Elliott Hill is ...
Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
NIKE (NKE) Q4 results reflect gains from resumed store operations and sporting activities. Continued momentum in the digital business and brand demand also significantly aid results.
Beaverton, Oregon-based Nike said fiscal 2022 revenue is estimated to grow by low double-digits and surpass $50 billion. Nike forecast for online sales boom, post-lockdown demand drives shares up ...
Meanwhile, Nike's $0.99 earnings per share exceeded analysts' expectations of $0.66. Nike's direct-to-consumer sales declined 8% from the same quarter a year ago to $5.1 billion.