Nike has just announced its 2020 fourth-quarter financial earnings, which highlight a 38 percent drop in revenue amid the ongoing coronavirus pandemic. Nike Stock. COVID-19 led to temporary store closures, which impacted sales and profitability. Falling to … 25 Jun 2020 New York (AFP) – 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 slipped into a loss in the fourth quarter of fiscal 2020. NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on June 25, 2020, to review fiscal fourth quarter and full year results. • Fourth quarter reported revenues were $6.3 billion, declining from prior year as the majority of NIKE-owned and partner stores in North America, EMEA and APLA were closed due to the COVID-19 pandemic. BEAVERTON, Ore., Sept. 24, 2019 - NIKE, Inc. (NYSE:NKE) today reported fiscal 2020 financial results for its first quarter ended August 31, 2019.. Revenue increased to $10.7 billion in … Nike posted a Q4 2020 net loss and sales dip as the coronavirus forced the closures of its stores, but its stock is still in good shape. In NIKE’s investor call for Q4 ending May 31, 2020, John J. Donahoe, president and CEO NIKE Inc. and Matthew Friend, executive vice president … Shares sank 7.6% to close at 93.67 on the stock market today, undercutting their 50-day and 200-day moving averages. Nike scored a victory in its fiscal third quarter with a 5% increase in sales despite store closures in China. NIKE, Inc. (NYSE: NKE) plans to release its fourth quarter fiscal 2020 financial results on Thursday, June 25, 2020, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results. That … fiscal 2020 fourth quarter and full year ended May 31, 2020. COVID-19 Drags Nike into a Loss in Q4, Stock Falls Nike (NYSE: NKE) earnings for the athletic wear company’s fiscal fourth quarter of 2020 have NKE stock on the move after markets closed on Thursday.