Nike's Q3 2024 results show beating earnings by ~31% and revenue expectations by ~1%. Total revenue is ~$12.4 Bn, up 0.3% YoY but down 6% QoQ. Net income is ~$1.2 Bn, down 5% YoY and 25% QoQ. Shares fell ~6% post-results due to weak sales guidance and slowing China sales. Forecasted softer sales in 1H FY25 led to a ~7% stock drop.
Nike $NKE earnings: Here's what analysts expect https://t.co/NinwL6Tp2A https://t.co/ASFoZBWjqP
Cartoon of the Day ✔️ $NKE forecasted softer sales in 1H FY25 during their earnings call. The stock dropped ~7% on the news 🥴 Are you in or out on Nike? https://t.co/Bk2bG9owkS https://t.co/QsNryqNp8v
🇺🇸 Nike shares slide on lackluster outlook, slowing China sales https://t.co/9MyHnmnjaT
$NKE (-6.3% pre) Nike Stock Falls Despite Earnings Beat as Retailer Issues Weak Sales Guidance https://t.co/gCII4iS8Ct
1/ Nike $NKE Q3 2024 Results: Beats Earnings by ~31% & Beats Revenue expectations by ~1% Total Revenue: ~$12.4 Bn, up 0.3% YoY, down 6% QoQ Net Income: ~$1.2 Bn, down 5% YoY, down 25% QoQ Shares down ~6% in after results https://t.co/zA5JE53oBk
$NKE 100.82 USD +0.55 (0.55%) today After hours 95.35 −5.47 (5.43%) Nike beats holiday revenue estimates — but its China sales are slowing down https://t.co/1UIBrN0UXZ