Nike stock is trending after earnings. What should traders watch with NKE?
Nike Q4 Key MetricsNike posted fourth-quarter revenue of $10.97 billion, beating analyst estimates of $10.86 billion, according to Benzinga Pro. Total revenue was down 1% on a year-over-year basis. Nike Brand revenues totaled $10.7 billion, flat year-over-year. Nike Direct revenues were down 7% to $4.1 billion, while Wholesale revenues were up 4% to $6.6 billion in the quarter. Here’s a breakdown of sales by region.
North America: up 3%
Greater China: down 12%
Europe, Middle East and Africa: down 1%
