NKE

Athletic footwear, clothes, and accessory maker Nike, Inc. (NYSE:NKE) is set to release its first quarter Fiscal 2023 results on September 29, after the market closes. The Street expects Nike to post diluted earnings of $0.92 per share in Q1, significantly lower than its comparative prior year period’s figure of $1.16 per share. Meanwhile, revenue is pegged at $12.29 billion, almost in line with both the Q1FY22 and Q3FY23 revenue figures. Nike’s first-quarter performance may have been marred by the issues of excess inventories, inflationary concerns, and COVID-19-related shutdowns in China during the quarter.
https://www.tipranks.com/news/article/nike-nysenke-q1-earnings-expected-to-display-a-mixed-bag?utm_source=advfn.com&utm_medium=referral