Nike's Earnings Beat Expectations Amid Signs of Recovery
TL;DR Summary
Nike reported better-than-expected fourth-quarter earnings with a profit of 14 cents per share and $11.1 billion in revenue, though its stock declined slightly after the announcement. CEO Elliott Hill acknowledged that the results are not yet where they want them to be, amid challenges like competition, changing consumer preferences, and economic pressures.
- Nike’s results top estimates. But CEO says they’re still ‘not where we want them to be.’ MarketWatch
- Nike will report earnings after the bell. Here's what Wall Street expects CNBC
- Nike’s Sales Fall, But Not as Much as Expected as CEO Touts Progress in Turnaround Plan Investopedia
- Nike’s Sales Beat Signals the Sportswear Maker’s Slump Is Easing (NKE) Bloomberg.com
- Nike’s Earnings Were Ugly. But They’re Better Than Feared. Barron's
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