5 Standout Numbers From Nike's Blockbuster Earnings Report
Nike (NYSE: NKE) is back to setting sales and earnings records. The footwear and sports apparel giant this week announced surprisingly strong revenue growth, rising profitability, and soaring cash balances as part of its fiscal fourth-quarter earnings report. The company also issued a bullish outlook for the new fiscal year, and over the longer term that runs through 2025.
Let's look at five standout metrics from that announcement.
All of the ingredients were in place for a blockbuster sales figure in the quarter, which ended in late May. Sales were artificially depressed a year ago, and Nike said in the previous quarter that many orders had been pushed into the next quarter by shipping delays.
Source Fool.com
