earnings
confidence high
sentiment neutral
materiality 0.80
Nike Q3 revenue $12.4B, EPS $0.98; guides FY24 revenue growth ~1%
NIKE, Inc.
2024-Q3 EPS reported
$2.74
revenue$38,756,000,000
- Diluted EPS $0.98 vs $0.79 YoY; revenue $12.4B, up 2% currency-neutral.
- Gross margin 44.8% (+150 bps); inventories down 13% YoY.
- Nike Direct revenue $5.4B (+1%); Nike Digital down 3%.
- Greater China revenue $2.06B (+5% currency-neutral); EMEA flat.
- Fiscal 2024 revenue growth guidance revised to ~1% from mid-single-digit.