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About: http://data.cimple.eu/news-article/ec79533aedadcdb267d518593e4b80a0b740ac079e02ffe677745a92 Goto Sponge NotDistinct Permalink

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

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rdf:type	schema:NewsArticle
schema:articleBody	Sports giant Nike reported a surprise loss Thursday as shutdowns due to COVID-19 prompted a big drop in revenues in spite of higher online sales. Nike reported a loss of $790 million in the quarter ending May 31, which translated to a loss of 51 cents per share compared with analyst expectations for nine cents per share in profit. Revenues tumbled 38 percent to $6.3 billion following huge declines in sales in most of the world. In North America, the company's biggest operating region, revenues plunged 46 percent to $2.2 billion. Nike said 90 percent of its stores were closed for roughly eight weeks during the quarter in three of its four operating regions, with the exception being Greater China. A bright spot was online sales, with digital sales increasing 75 percent during the quarter. The results are among the first by a major company to detail the hit from the coronavirus during the period of peak shutdowns. Nike is on a different fiscal calendar than most other large companies, with its fourth quarter ending May 31. The second-quarter earnings period, which covers the quarter ending June 30, will begin in mid-July. Shares of Nike fell 3.7 percent ot $97.61. jmb/mdl
schema:headline	Nike reports $790 mn Q4 loss as sales plunge on COVID-19 hit
schema:mentions	North America MIM-3 Nike Ajax Digital television Coronavirus Severe acute respiratory syndrome coronavirus 2 Operating Thetan Greater China
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-25 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	60 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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