Nike, Inc. - Ordinary Shares - Class B

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Earnings Announcements

Nike Inc Posts Qtrly EPS $0.90

Published: 06/27/2022 21:18 GMT
Nike, Inc. - Ordinary Shares - Class B (NKE) - Nike, Inc. Reports Fiscal 2022 Fourth Quarter and Full Year Results.
Q4 Earnings per Share $0.90.
Q4 Revenue Fell 1 Percent to $12.2 Billion.
Announced Its Board of Directors Has Authorized a New Four-year, $18 Billion Program to Repurchase Shares of Nike's Class B Common Stock.
Qtrly Revenues for Nike, Inc. Decreased 1 Percent to $12.2 Billion Compared to Prior Year and Were Up 3 Percent on a Currency-neutral Basis.
Q4 Nike Direct Revenue Growth Was Partially Offset by a Decline in Greater China.
Q4 Included Non-recurring Charges of About $150 Million, Associated With Deconsolidation of Russian Operations, Among Others.
Q4 Earnings per Share View $0.81, Revenue View $12.06 Billion -- Refinitiv Ibes Data (analyst estimates).
Nike-qtrly Inventories for Nike Were Up, Driven by Elevated In-transit Inventories Due to Extended Lead Times From Ongoing Supply Chain Disruptions.
Q4 Gross Margin Decreased 80 Basis Points, Primarily Due to Higher Inventory Obsolescence Reserves in Greater China, Elevated Costs.
Qtrly North America Total Revenue Was $5,115 Million Versus $5,384 Million Reported Last Year.
Qtrly Greater China Total Revenue Was $1,561 Million Versus $1,933 Million Reported Last Year.
Revenue is expected to be $12.33 Billion
Adjusted EPS is expected to be $0.95

Next Quarter Revenue Guidance is expected to be $12.25 Billion
Next Quarter EPS Guidance is expected to be $0.80

More details on our Analysts Page.