Reported about 12 hours ago
Nike reported adjusted earnings of $0.14 per share for the fourth quarter, surpassing the estimated $0.13, and revenue of $11.10 billion, also exceeding expectations of $10.72 billion. While gross margins fell by 440 basis points due to tariffs and excess inventory, CEO Elliot Hill expressed optimism about future improvements through their 'win now actions.'
Source: YAHOO