Nike profits beat forecasts

Nike announced its financial results for the fourth quarter of its fiscal year, surpassing market expectations despite a 12% decline in sales in China, which dropped to $1.30 billion. Meanwhile, U.S. revenue increased by 3% to $4.83 billion. The company recorded a gross profit margin of 8.9%, supported by the recovery of customs duties totaling approximately $986 million. Additionally, net profit reached $1.07 billion, compared to $211 million in the previous year.

articleDetails.fontSize.sizeحجم النص

تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

عرض المقال بالكامل