The American multinational corporation impressed markets with fiscal Q4 2021 earnings
For the quarter ended on May 31, Nike revenue almost doubled to $12.34 billion from $6.31 billion reported during the same time last year. In addition, it topped Wall Street consensus by more than $1 billion. At the same time, the company reported an EPS of 93 cents, surpassing the 51 cents expected.
In North America, Nike’s biggest market, sales more than doubled, reaching a record of $5.38 billion. In Greater China, sales were up 17% to $1.93 billion. Even though China is typically one of the fastest-growing markets for Nike, consumers threatened a boycott after Western brands expressed concerns about allegations of forced labour in Xinjiang.
In fiscal 2022, Nike is expecting the revenue to exceed $50 billion. Analysts are looking for annual revenues of $48.5 billion. According to officials, sales will be driven by women’s category, apparel business and Jordan brand.
At the moment of writing, Nike stock price is up 15.53%.
Sources: cnbc.com, finance.yahoo.com
Los usuarios / lectores no deben confiar únicamente en la información presentada aquí y deben hacer su propia investigación / análisis leyendo también la investigación subyacente real. El contenido adjunto es genérico y no tiene en cuenta las circunstancias personales, la experiencia de inversión o la situación financiera actual.
Por lo tanto, Key Way Investments Ltd no aceptará ninguna responsabilidad por las pérdidas de los comerciantes debido al uso y el contenido de la información presentada en este documento. Rentabilidades y predicciones pasadas no garantizan resultados futuros.
