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A shopper walks past a Nike store, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump's decision to impose import tariffs on dozens of countries, in the King of Prussia Mall in King of Prussia, Pennsylvania, U.S., April 3, 2025.
Rachel Wisniewski | Reuters
Nike reported fiscal fourth-quarter earnings on Thursday after the bell. Here's how the company did, compared with estimates from analysts polled by LSEG:
Earnings per share: 14 cents per share vs. 13 cents estimatedRevenue: $11.10 billion vs. $10.72 billion estimatedThe company's reported net income for the three-month period that ended May 31 was $211 million, or 14 cents per share, compared with $1.5 billion, or 99 cents per share, a year earlier.
Sales dropped to $11.10 billion, down about 12% from $12.61 billion a year earlier.
In a press release, Nike finance chief Matt Friend confirmed that the fiscal fourth quarter will see the "largest financial impact" from its turnaround and headwinds are expected to moderate moving forward.
"I am confident in our ability to navigate through this current dynamic and uncertain environment by focusing on what we can control," said Friend.
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