Nike earnings top Wall Street's expectations, despite inflation in the U.S. and Covid lockdowns in China

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Nike posted better-than-expected sales and profit for its fiscal fourth quarter.

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It's underperformed the S&P 500, which is down about 18% during the same period.

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Category: Economy

Topics: Cnbc Business Retail industry Earnings Articles E-commerce Business News Breaking News: Business Breaking News: Earnings Discounters Retail Source:tagname:CNBC US Source Nike Inc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-27, 20:28:16

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 2 minutes read

Article Length: 227 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 16762

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