Nike (NKE) Tops Q4 EPS by 43c

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NIKE, Inc. Reports Fiscal 2021 Fourth Quarter and Full Year Results

June 24, 2021 4:15 PM EDT

BEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) today reported financial results for its fiscal 2021 fourth quarter and full year ended May 31, 2021.

Fourth quarter reported revenues were $12.3 billion, up 96 percent compared to prior year and increasing 21 percent compared to the fourth quarter of 2019. Full year reported revenues increased 19 percent to $44.5 billion. NIKE Direct fourth quarter sales increased 73 percent to $4.5 billion. Gross margin for the fourth quarter increased 850 basis points to 45.8 percent. Diluted earnings per share for the fourth quarter was $0.93 and for... More