Nike Q4 Reports $12.8 Billion USD Sales That Surpassed Expectations

Nike's latest fiscal 2023 Q4 results have indicated that the Swoosh has surpassed expectation in sales, hitting $12.8 billion USD, however, the Oregon-based company misses the mark on its earnings.Based on the report, Q4 brought in 5% more in revenues in comparison to last year as well as ahead of analysts expectations of only making $12.59 billion USD in sales. Earnings fell 28% to $1 billion USD with diluted EPS of 66 cents, which is down 27% from last year. In total for the whole fiscal year,...