Nike Exceeds Sales In 2022 Annual Year

Nike Retains Title As World's Most Valuable Apparel Brand

Nike, a multinational American corporation that designs, develops, manufactures, markets, and sells shoes, clothing, equipment, accessories, and services on a global scale exceed sales with US$46 billion in its annual year 2022.

Making it the largest maker of sports equipment as well as a provider of athletic shoes and apparel worldwide.

Despite exceeding Market expectations, American sporting goods manufacturer Nike reported on Tuesday, 22nd march 2023 a decrease in third-quarter profit.

The business reported earnings of $1.24 billion, $0.79 per share. Comparatively, the third quarter of 2022 saw $1.40 billion, $0.87 per share.

According to data gathered by Thomson Reuters, analysts had projected that the company would make $0.55 per share on average. Estimates from analysts often don’t include unique items.

Compared to the same period in 2022, Nike’s quarterly revenue increased 14% to $12.39 billion.


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