Home Market Nike: Highlights of This Week’s Earnings Report

Nike: Highlights of This Week’s Earnings Report

24
0


NIKE, Daily

Sportwear retailer #Nike Expected to report earnings on Tuesday, (20/12) After the market closes. This report is for November 2022, the quarter that ended in fiscal year 2022. The company reported an EPS of. $0.93Analyst consensus estimates beat by a slew of. $0.91. NIKE has a net margin in excess of 11.96% A return on equity of 37.08%. The company earned revenue of $12.70 billion, which is a decrease from the consensus estimate of $12.28 billion. The company made $2.4 billion in the same quarter last year. $1.16 Per share. The company’s revenue for the quarter was up 3.7% Comparable to the same quarter in last year.

This time, #Nike The consensus is calling for a decrease in profits, with a projected decline of about 5%. 19% year-over-year, nearly matching last quarter’s decline and gross margin also expected to contract for the third straight period. The company’s earnings are likely to have been hit by the ongoing weakness in China and increased promotions due to oversupply. Nike and its competitors are trying to reduce warehouse overstocks after supply chain bottlenecks.

China…



Continue reading…

Previous articlePound 2023 Outlook
Next articleNew Zealand dollar sees sharp losses