×
83 728
Fashion Jobs
L'OREAL GROUP
Packaging Operator, m-f 3rd Shift
Permanent · Somerset
L'OREAL GROUP
Packaging Operator Weekend Nights
Permanent · Somerset
L'OREAL GROUP
Packaging Operator Weekend Days
Permanent · Somerset
L'OREAL GROUP
Packaging Operator m-f 2nd Shift
Permanent · Somerset
L'OREAL GROUP
Packaging Operator ii
Permanent · North Little Rock
NORDSTROM INC
Inventory Control Specialist - East Coast Fulfillment Center - Elizabethtown, PA
Permanent · Elizabethtown
NORDSTROM INC
Visual Production Manager
Permanent · Fullerton
NORDSTROM INC
Asset Protection Agent - st John's Town Center
Permanent · Jacksonville
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Howell Township
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Burlington
MARSHALLS
70118-lp Detective
Permanent · Visalia
MARSHALLS
70118-lp Detective
Permanent · Montgomery
MARSHALLS
Loss Prevention Customer Service Associate Part Time
Permanent · Grand Prairie
TJ MAXX
Regional Loss Prevention Manager - San Antonio or el Paso, tx Distribution Center
Permanent · San Antonio
TJ MAXX
Loss Prevention Customer Service Associate
Permanent · Portland
MARSHALLS
District Loss Prevention Manager - Palm Springs, ca
Permanent · Palm Springs
HOMEGOODS
Distribution Center Supervisor
Permanent · Lordstown
TJ MAXX
Distribution Center Loss Prevention Specialist-nj
Permanent · Jersey City
MARSHALLS
District Loss Prevention Manager - Baltimore, md
Permanent · Baltimore
MARSHALLS
Loss Prevention Detective
Permanent · Dallas
BANANA REPUBLIC
General Manager - Twelve Oaks
Permanent · Novi
COTY
National Account Manager, Sally Hansen, Rimmel & Fragrance Kroger
Permanent · Cincinnati
By
Reuters API
Published
Jun 25, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Nike revenue beats on upbeat North America demand

By
Reuters API
Published
Jun 25, 2021

Nike Inc quarterly revenue beat Wall Street estimates, as Americans stepping out of the pandemic-led lockdowns splurged on footwear and apparel, sending its shares 4% higher.

In North America, Nike's biggest market, revenue more than doubled to $5.38 billion and beat the average analysts' estimate of $4.31 billion - Nike


After staying at home for more than a year and limiting themselves to athleisure clothing and comfortable pajamas, consumers are back to buying sneakers for running and hiking as they return to their routines, thanks to rapid vaccinations.

In North America, Nike's biggest market, revenue more than doubled to $5.38 billion and beat the average analysts' estimate of $4.31 billion.

In Greater China, a fast-growing market for the company, revenue of $1.93 billion missed expectations of $2.22 billion, as consumers boycotted several Western brands over the Xinjiang controversy.

Net income came in at $1.51 billion, or 93 cents per share, for the quarter ended May 31, compared to a loss of $790 million, or 51 cents per share, a year earlier.

Total revenue rose to $12.34 billion for the fourth quarter from $6.31 billion a year earlier when the pandemic was at its peak. Analysts were expecting $11.01 billion, according to IBES data from Refinitiv.

© Thomson Reuters 2021 All rights reserved.