Nike Q4 Beats Analyst Expectations Despite Russia Exit, China Pressures
June 27, 2022
Revenues in Q4 were down 1% to $12.2 billion compared to the prior year, with net income down 5% to $1.4 billion, or 91 cents per share. The Beaverton, Ore.-based company attributed approximately $150 million in expenses in the quarter associated with closing its Russian operations, and the transition of its businesses in Argentina, Chile and Uruguay to strategic distributor models. FN
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