NIKE, Inc. Reports Fiscal 2022 First Quarter Results

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Go back to NIKE, Inc. Reports Fiscal 2022 First Quarter Results

Nike (NKE) Stock Falls On a Revenue Miss and Slashed FY Sales Outlook, Analysts Bullish Despite NT Supply Chain Challenges

September 24, 2021 5:50 AM EDT

Nike (NYSE: NKE) stock price is down is nearly 5% in pre-open Friday after the company reported lower-than-expected FQ1 sales and cut the full-year outlook.

Nike reported an FQ1 EPS of $1.16 to bear the analyst estimate of $1.11. Revenue for the quarter came in at $12.2 billion versus the consensus estimate of $12.46 billion.

Direct sales came in at $4.7 billion, which is up 28% compared to a year-ago period. Nike Brand digital sales soared 29%. The gross margin increased to 46.5%.

NIKEs strong results this quarter are continued proof of our deep consumer connections, unrelenting innovation pipeline... More

Nike (NKE) Tops Q1 EPS by 5c, Revenue Misses

September 23, 2021 4:16 PM EDT

Nike (NYSE: NKE) reported Q1 EPS of $1.16, $0.05 better than the analyst estimate of $1.11. Revenue for the quarter came in at $12.2 billion versus the consensus estimate of $12.46 billion.

First quarter reported revenues were $12.2 billion, up 16 percent compared to prior year and up 12 percent on a... More