Accueil > Actualité
Actualite financiere : Actualite bourse

Nike: posts surprise loss in Q4

( - On Thursday evening Nike reported a net loss of 790 million dollars for Q4 2019-20, or 51 cents per share, whilst analysts were still expecting it to post EPS of around 12 cents.

The sporting goods giant saw its revenues plunge by 38% to 6.3 billion dollars, while its gross margin dropped 8.2 points to 37.3%, with the Covid-19 crisis impacting its business. The company was unable to offset this by a reduction in the cost of sales and administrative costs.

For the full year, the Beaverton, Oregon-based company therefore recorded a 36% decline in EPS to 1.60 dollar, with revenue down 4% to 37.4 billion dollars (-2% at constant exchange rates).

Copyright (c) 2020 All rights reserved.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.