2024-03-25 20:30:00 ET
Summary
- Although both EPS and revenue beat consensus by a healthy amount, the revenue guidance for Q4 ’24 and the first half of fiscal ’25 (begins June 1 ’24) was disappointing.
- Revenue growth for Q3 ’24 was just 0-1% YoY (depending on whether you use constant currency or cc), operating income was down -5%, but EPS was +24% YoY.
- Revenue and operating income had upside surprises of just 1-2%, while the EPS “upside surprise” was 32% (i.e. $0.98 vs. the $0.74 estimate).
Nike ( NKE ) reported their fiscal Q3 ’24 earnings and revenue last Thursday night, March 21, and although both EPS and revenue beat consensus by a healthy amount, the revenue guidance for Q4 ’24 and the first half of fiscal ’25 (begins June 1 ’24) was disappointing....
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Nike Post Earnings: Stay With The Brand