Nike (NKE) Tops Q3 EPS by 16c
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NIKE, Inc. Reports Fiscal 2022 Third Quarter Results
March 21, 2022 4:15 PM EDTBEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) today reported fiscal 2022 financial results for its third quarter ended February 28, 2022.
Third quarter reported revenues were $10.9 billion, up 5 percent compared to prior year and up 8 percent on a currency-neutral basis.* NIKE Direct sales were $4.6 billion, up 15 percent on a reported basis and up 17 percent on a currency-neutral basis. NIKE Brand Digital sales increased 19 percent, or 22 percent on a currency-neutral basis, led by 33 percent growth in North America. Gross margin increased 100 basis points to 46.6... More