Pedestrians walk past a Nike store with modern designs and nude models showing off winter clothing in Wuhan, Hubei Province, China on December 5, 2024.
Cheng Xin |Getty Images
Nike Quarterly revenue and revenue were released Tuesday, beating Wall Street expectations as sales unexpectedly rose since last year.
The company said revenue grew 1% in its first quarter, after it said sales are expected to decline during that period.
According to LSEG consensus estimates, this is what the world's largest sneaker company reported during the period from August 31 to August 31:
- Earnings per share: 49 cents, estimated 27 cents
- income: $11.72 billion vs. $11 billion expected
This story is developing. Please check it for updates.