Close

Nike (NKE) Reports Q4 Beat, Shares Up Nearly 2%

June 27, 2022 4:34 PM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Nike (NYSE: NKE) reported its Q4 results, with EPS of $0.90 coming in better than the consensus estimate of $0.81. Revenue was down 1% year-over-year (up 3% on a currency-neutral basis) to $12.2 billion, compared to the consensus estimate of $12.07 billion. Shares were trading nearly 2% higher after-hours.

NIKE Direct revenue grew 7% year-over-year (or 11% on a currency-neutral basis) to $4.8 billion, and Wholesale revenue declined 7% (or down 3% on a currency-neutral basis) to $6.8 billion.

Revenues for the NIKE Brand and for Converse both declined 1% (up 3% on a currency-neutral basis) to $11.7 billion and $593 million, respectively.

In June 2022, the company’s Board of Directors authorized a new four-year, $18 billion share repurchase program of its Class B common stock.

By Davit Kirakosyan



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Hot Earnings, Hot List, Trader Talk