Nike Beats on Sales, Profit
This is a news story, published by CNBC, that relates primarily to Nike news.
consumer & retail news
For more consumer & retail news, you can click here:
more consumer & retail newsCNBC news
For more news from CNBC, you can click here:
more news from CNBCAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like consumer & retail news, you might also like this article about
Nike. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest profit declines news, Earnings news, consumer & retail news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Nike finance chief Matt FriendCNBC
•Business
Business & Economics
Nike sales drop 12%, but sneaker giant says the worst of its slump is behind it
78% Informative
Nike beat on the top and bottom lines in its fiscal fourth quarter .
Sales dropped to $11.10 billion , down about 12% from $12.61 billion a year earlier .
The company's net income for the quarter was $211 million , or 14 cents per share, compared with $1.5 billion .
VR Score
88
Informative language
92
Neutral language
88
Article tone
informal
Language
English
Language complexity
40
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links