Nike (NKE) Misses Q4 EPS by 60c, Revenue Falls Short of Consensus
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NIKE, Inc. Reports Fiscal 2020 Fourth Quarter and Full Year Results
June 25, 2020 4:15 PM EDTBEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) today reported financial results for its fiscal 2020 fourth quarter and full year ended May 31, 2020.
Fourth quarter reported revenues were $6.3 billion, declining from prior year as the majority of NIKE-owned and partner stores in North America, EMEA and APLA were closed due to the COVID-19 pandemic. NIKE digital sales increased 75 percent in the fourth quarter, or 79 percent on a currency-neutral basis*, with strong double-digit increases across all geographies and was approximately 30 percent of total revenue. For the fiscal year,... More