HomeDiscussions$NKE Q3 '24 Earnings Results & Recap
Nike's Q3 EPS of $0.54 well exceeded estimates of $0.30, while revenue of $11.27B was slightly above estimates of $11.02B; the outlook indicates a transition with potential for future growth.
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$NKE Q3 '24 Earnings Results & Recap
Nike's Q3 EPS of $0.54 well exceeded estimates of $0.30, while revenue of $11.27B was slightly above estimates of $11.02B; the outlook indicates a transition with potential for future growth.
Why doesn't this summary contain anything about the forecast. Analysts had expected -11.4% sales for the current quarter, but company said "low end of the mid teens decline" and margins would drop by another 4-5%. To me that's like -16% to -18% sales. The company is shrinking fast.