Nike (NKE) Tops Q1 EPS by 5c, Revenue Misses
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NIKE, Inc. Reports Fiscal 2022 First Quarter Results
September 23, 2021 4:15 PM EDTBEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) today reported fiscal 2022 financial results for its first quarter ended August 31, 2021.
First quarter reported revenues were $12.2 billion, up 16 percent compared to prior year and up 12 percent on a currency-neutral basis.* NIKE Direct sales were $4.7 billion, up 28 percent on a reported basis and up 25 percent on a currency-neutral basis. NIKE Brand Digital sales increased 29 percent, or 25 percent on a currency-neutral basis. Gross margin increased 170 basis points to 46.5 percent. Diluted earnings per share for the quarter... More