Nike on Thursday reported holiday sales that beat estimates, helped by better than expected growth in North America. Here’s how the company performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv: Earnings per share: 77 cents vs. 74 cents expectedRevenue: $12.43 billion vs. $12.28 … Read more
A customer enters a Nike store along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois. Scott Olson | Getty Images Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it warned about a “softer” revenue outlook for the second half of the … Read more
Nike reported revenue Thursday that fell short of Wall Street’s sales expectations for the first time in two years, but it beat on earnings and gross margin estimates, sending its stock soaring in after-hours trading. Here’s how the sneaker giant performed during its fiscal first quarter compared with what Wall Street was anticipating, based on … Read more