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A customer enters a Nike store along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois.
Scott Olson | Getty Images
Nike missed on earnings Thursday for the first time in three years, as the retailer reported lower margins that weighed on profits during its fiscal fourth quarter.
Shares dropped more than 4% in extended trading. The stock has fallen about 3% this year.
Here’s how the sneaker giant performed during the quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:
- Earnings per share: 66 cents vs. 67 cents expected
- Revenue: $12.83 billion vs. $12.59 billion expected
The company’s reported net income for the…
Source cnbc.com
