Nike earnings and sales beat estimates as retailer books record revenue in North America


In this article

A man walks in front of Nike products exhibit, on February 22, 2021 in New York City.
John Smith | Corbis News | Getty Images

Nike on Thursday reported fiscal fourth-quarter earnings and sales that topped analysts’ estimates, fueled by record revenue in North America.

Nike shares jumped more than 4% in after-hours trading.

Here’s how the company did during its fiscal fourth quarter, compared with what analysts were anticipating, using Refinitiv estimates:

  • Earnings per share: 93 cents vs. 51 cents expected
  • Revenue: $12.34 billion vs. $11.01 billion expected

Find the full earnings press release from Nike here.

This story is developing. Please check back for updates.

Articles You May Like

Can you earn passive income running a Lightning node?
Walgreens profits squeezed as Covid vaccines wane, company invests in health-care business
Yen Selling is Back, Dollar Attempting to Rally
China COVID update. Beijing further relaxes curbs, Shanghai declare victory … but …
Commodity Currencies Soft Despite Positive Sentiment, But Canadian Resilient