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NIKE, Inc. (NYSE: NKE) reported revenues of $13.4 billion for the second quarter of 2024, up 1% on a reported foundation and down 1% on a currency-neutral foundation in comparison with the identical interval final yr.
Web earnings was $1.6 billion, up 19%, and EPS was $1.03, up 21%, from final yr.
Earnings beat estimates whereas income fell quick.
Money and equivalents and short-term investments have been $9.9 billion on the finish of the quarter.
“NIKE’s second-quarter monetary efficiency was a turning level in driving extra worthwhile progress. As we look forward to a softer second-half income outlook, we stay targeted on sturdy gross margin execution and disciplined value administration.” – Matthew Pal, CFO
The inventory was down over 11% throughout premarket hours on Friday.
Prior efficiency
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