Trademagazin > News and articles > Company and Personal News > Nike’s earnings outperformed expectations
Nike’s earnings outperformed expectations
US-based Nike posted higher-than-expected revenue in its fiscal quarter ended in February, following stronger demand in North America and Europe and a surge in internet sales to offset the decline in Chinese sales.
The world’s number one sneaker and sportswear maker reported in its flash report after Tuesday’s closing that its revenue for- the third quarter ended on 29 February, which is a year-on-year increase of 5 percent to 10.14 billion USD. Analysts expected a lower value of 9.80 billion USD.
The Oregon-based company’s after-tax profit fell 23 percent to 847 million USD. (MTI)
Related news
Metro AG reports 7.2% sales growth in the second quarter
Metro AG reported a 7.2% sales growth in the second…
Read more >The AutoWallis Group is planning another doubling of its regional growth strategy until 2028
The AutoWallis Group plans HUF 750 billion in sales revenue…
Read more >UBM continued its international expansion
UBM continued its international expansion, the majority of the agricultural…
Read more >
More related news >
Related news
Tetra Pak has announced that Alex Henriksen will be the managing director of the Eastern European region
Tetra Pak, one of the world’s leading food processing and…
Read more >Coca-Cola Hungary has developed new educational modules on waste circulation
After the online curriculum on the basics of the circular…
Read more >Auchan has appointed a new product director
From July 1, László Varga will perform the duties of…
Read more >