Nike Tramples Analyst Expectations With Its Q1 2021 Results
Footwear and apparel titan Nike (NYSE: NKE) announced its fiscal first quarter 2021 results on Sept. 22, sprinting far ahead of analyst consensus expectations in both revenue and earnings per share (EPS). Nike’s revenue of $10.6 billion was higher than the consensus analyst forecast of roughly $9.178 billion reported by Zacks Equity Research. Driven by the ongoing coronavirus pandemic, Nike’s digital sales grew by a scorching 82% compared to Q1 fiscal 2020.
