About: http://data.cimple.eu/news-article/217e733594c62b79d088cc83c1ae37ed14664539aa8d7579d2633ec1

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/217e733594c62b79d088cc83c1ae37ed14664539aa8d7579d2633ec1 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Nike reported better-than-expected quarterly earnings Tuesday on big growth in digital sales, lifting shares and bouncing back from a loss in the prior period caused by the coronavirus pandemic. The sports giant scored an 82 percent increase in digital sales, offsetting lower revenue in its wholesale business and declines in retail stores, where traffic is still down due to Covid-19. "Nike is recovering faster based on accelerating brand momentum and digital growth, as well as our relentless focus on normalizing marketplace supply and demand," said Chief Financial Officer Matt Friend. Net income for the quarter ending August 31 was $1.5 billion, up 11 percent from the year-ago period. Revenues dipped one percent to $10.6 billion. The results were a big improvement from the prior quarter, when Nike suffered a surprise loss following a 38 percent tumble in year-over-year revenues. Nike has invested heavily in smartphone applications and other direct-to-consumer initiatives in the wake of the surge in e-commerce at the expense of conventional retailers, a trend that has accelerated with the coronavirus. During the quarter, Nike said its profit margins were pinched by higher promotion spending to reduce excess product inventory and higher supply chain costs. But results benefited from lower marketing spending due to cancelations or postponement of numerous professional sports events. Shares of Nike jumped 8.5 percent to $126.90 in after-hours trading. jmb/cs
schema:headline	Nike shares surge as earnings top expectations
schema:mentions	Digital media Relentless Records E-commerce Supply chain Chief financial officer Smartphone MIM-3 Nike Ajax Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Marketing spending Direct selling Extended-hours trading Net income Momentum
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-22 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	76 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 2 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software