Nike Shares Tumble as Q3 Revenue Falls, CFO Warns of Further Sales Slump [Yahoo! Finance]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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Source: Yahoo! Finance
Warning! GuruFocus has detected 3 Warning Signs with NVDA. Revenue for the quarter dropped 9.3% year-over-year to $11.27 billion, slightly above analyst projections of $11.01 billion but down from $12.4 billion a year ago. Adjusted earnings per share came in at 54 cents, surpassing estimates of 29 cents. CEO Elliott Hill, who took over in October, is working on a turnaround strategy focused on clearing excess inventory and revamping product lines. Despite the company's efforts, gross margins fell to 41.5%, weighed down by promotional activity. Fourth-quarter sales are projected to decline by low double digits, finance chief Matt Friend said. Sales in China dropped 17% to $1.73 billion, missing expectations, while North America saw a 4% decline.
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NKE
News
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- Diverging U.S. economic data begs the question: is a slowdown coming? [BNN Bloomberg (Canada)]BNN Bloomberg
- Will Nike Investors' Frustrations End Anytime Soon? [Yahoo! Finance]Yahoo! Finance
- Making Sense of Early Q1 Earnings Reports [Yahoo! Finance]Yahoo! Finance
NKE
Earnings
- 3/20/25 - Beat
NKE
Sec Filings
- 3/20/25 - Form 8-K
- 3/10/25 - Form 8-K
- 2/18/25 - Form 4
- NKE's page on the SEC website