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Saunders noted that at the same time, smaller rival brands have moved into Nike's territory and successfully connected with consumers in a way that Nike has failed to do. Nike posted net income of ...
Nike's sales slumped in both its direct-to-consumer business and its wholesale division. Nike Direct revenues were $4.7 billion, a 13% decline from the same quarter a year ago.
The earnings breakdown. Here's what Nike posted in the fiscal second quarter, compared to Bloomberg consensus estimates: Adjusted earnings per share: $0.78 compared to $0.63 Revenue: $12.35 ...
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.
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.
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Nike reported earnings on Thursday as investors remain focused on any signs of a consumer slowdown in North America and slower growth in China.
Judging by its most recent earnings report, Nike remains the top dog in its industry. For its fourth fiscal quarter of 2022, which ended May 31, Nike exceeded revenue and profit expectations ...