Earnings Wrap: Nike Reports Latest Results + More

FN keeps track of all of our earnings coverage for retailers and footwear companies here. Dec. 20, 2022: Nike, Inc. (NKE) Earnings: Net income was $1.3 billion, flat compared to prior year, and diluted earnings per share was $0.85, increasing 2%. Sales: Second quarter reported revenues were $13.3 billion, up 17% compared to the prior year. CEO Comments: “Nike’s results this quarter are a testament to our deep connection with consumers,” said John Donahoe, president and CEO of Nike, Inc. “Our growth was broad-based and was driven by our expanding digital leadership and brand strength. These results give us confidence in delivering the year as our competitive advantages continue to fuel our momentum.” CREDIT: STRF/STAR MAX/IPx Dec. 8, 2022: Lululemon Athletica Inc. (LULU) Earnings: Net income in the third quarter was $255.5 million, up from $187.8 million in the same time last year. Sales: Net revenue increased 28% to $1.9 billion. CEO Comments: “In the third quarter, we continued to deliver strong and balanced results across the business, demonstrating the significant potential for our brand,” CEO Calvin McDonald said. “Our ongoing momentum is a testament to our innovative products, deep community relationships, and the hard work and dedication of our talented teams around the world. We are pleased with

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