Nike (NKE) Reports $10.97B Revenue Despite 12% Sales Drop in China
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowNike (NKE) reported fiscal fourth quarter earnings of 20 cents per share, surpassing analyst expectations of 13 cents, and revenue of $10.97 billion compared to $10.86 billion expected. Gross margins increased by 8.9%, partly due to an anticipated $986 million tariff refund. Despite a 12% drop in sales in the Greater China market, which generated $1.30 billion, the company outperformed expectations of $1.24 billion in revenue. For the fiscal year, net income totaled $3.11 billion, or $2.10 per share, down from $3.22 billion a year prior, with guidance for the first half of fiscal 2027 indicating flat earnings.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About NIKE Inc. (NKE)
Nike is the world’s largest athletic footwear and apparel brand, selling through wholesale partners and a growing direct-to-consumer business.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
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