Nike misses revenue expectations for the first time in two years, beats on earnings and gross margin

They're also keen to see Nike's margins recover after bloated inventories, high promotions and supply chain woes contributed to lower profits over the last few quarters.

Sales in China grew by 5% compared to the year-ago period to $1.74 billion, which fell short of the $1.84 billion analysts had expected, according to StreetAccount.ended May 31, Nike saw China sales jump 16% compared to the year-ago period. But the numbers were against easy comparisons because the region was still under Covid-related lockdown orders during the prior year.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

These Stocks Are Moving the Most Today: Micron, Peloton, Workday, Nike, CarMax, and MoreFiscal fourth-quarter revenue at chip maker Micron falls sharply from a year earlier, Peloton stock surges after signing a five-year partnership with...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Stocks edge higher, jobs data up next, Peloton, Micron, NikeStocks edge higher, jobs data up next, Peloton, Micron, Nike
Источник: startelegram - 🏆 248. / 63 Прочитайте больше »

Nike earnings on deck with focus on US consumer demand, profit marginsA gloomy outlook from Foot Locker, as well as ongoing weakness in China, will challenge Nike’s near-term sales forecasts.
Источник: startelegram - 🏆 248. / 63 Прочитайте больше »