Pedestrians walk past a Nike store featuring a modern design and mannequins displaying winter apparel on December 5, 2024, in Wuhan, Hubei Province, China.
Cheng Xin | Getty Images
Nike on Tuesday posted quarterly earnings and revenue that beat Wall Street’s expectations, as sales unexpectedly rose from the prior year.
The company said revenue rose 1% in its fiscal first quarter, after previously saying it anticipated sales would fall by a mid-single digit percentage in the period.
Here’s what the world’s largest sneaker company reported for the period ended Aug. 31 compared to what analysts expected, according to consensus estimates from LSEG:
- Earnings per share: 49 cents vs. 27 cents expected
- Revenue: $11.72 billion vs. $11.0 billion expected
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