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

CNBC LogoCNBC1 mo ago

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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Article Details

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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Main Topics: Economy

Official Website: cnbc.com

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Year Established: 2005

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

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