|Day's range||41.55 - 41.55|
Nike (NYSE: NKE) posted its latest earnings report on March 21. For the third quarter of fiscal 2023, which ended on Feb. 28, the athletic footwear and apparel company's revenue rose 14% year over year (and grew 19% in constant currency terms) to $12.4 billion and beat analysts' estimates by $910 million. Back in fiscal 2022 (which ended on May 31, 2022), Nike's post-pandemic recovery stalled out as it encountered COVID lockdowns in China, supply chain disruptions, and inflationary headwinds.
Nike's (NYSE: NKE) sales jumped by double-digits in the most recent quarter. Still, Nike's revenue is constrained by a slower economic reopening in China. This video will review Nike's latest earnings, which were announced on March 21, 2023.