Nike reported its fourth-quarter earnings, revealing mixed results that led to a significant drop in its stock price. The company posted a Q4 EPS of $0.99, surpassing the estimated $0.83, but its revenue of $12.6 billion fell short of the expected $12.81 billion. Nike's gross margins were 44.7%, slightly below the anticipated 45.3% and 43.6% y/y. The company's North American revenue declined by 1.4% to $5.28 billion, and its EMEA revenue dropped by 1.7% to $3.29 billion, while Greater China revenue increased by 2.9%. Inventories were down 11% year-over-year to $7.5 billion. Despite higher profits due to cost-cutting efforts, Nike's stock plunged 12% in after-hours trading as the company warned of a guidance cut and projected a 10% decline in quarterly sales. The company also highlighted challenges in its lifestyle business and a slowdown in consumer demand, leading to a revised outlook for fiscal 2025. Digital sales were down 10%, and the stock hit its lowest level since the Covid crash.
Nike stock falls, as executives say Q4 results ‘highlighted challenges’ with demand https://t.co/N6LjyUsYSB
Nike shares drop as slower demand prompts cut to 2025 outlook https://t.co/r3zZ4xWyp6
Nike posts surprise drop in sales, sending shares tanking: Slowdown 'hard to ignore' https://t.co/NBYhWPgBVO https://t.co/a3COEd5RAw
Nike posts surprise drop in sales, sending shares tanking: Slowdown ‘hard to ignore’ https://t.co/HEJ0gOI0TU https://t.co/8ZVARjAsTL
Crazy that NKE is down 12% AH because of this ad https://t.co/OkRIDXZJck
$NKE likely going to hit 4 year lows tomorrow.
nike down 12% after ER
Nike Shares Crash Near COVID Lows After Warning Sales Slump Is Worsening https://t.co/6ViL6JlTOM
Nike forecasts dour annual revenue on weak demand for its sneakers https://t.co/aFnA6Ppui4 https://t.co/0NrHN0o3ZQ
Nike reported higher profits due to cost-cutting efforts, but shares fell sharply on the company's tepid outlook despite a hoped-for boost from the upcoming Olympic Games https://t.co/Mz7d8OtNRR
Nike stock sinks after company projects larger sales decline than expected in 2025 https://t.co/x2R95fSbRD by @_JoshSchafer
Nike shares plunge after retailer says quarterly sales will fall 10% @CNBC https://t.co/GENgz8VKFd
$NKE -12% now in after hrs. Swooshed.
$NKE after hours is an abomination wow... I said to IC it should land around $82, thinking in a week or so. NOT TONIGHT https://t.co/XECsKIifcg
Nike shares plunge after retailer says quarterly sales will fall 10%, warns on China weakness: CNBC $NKE https://t.co/Vw1ldA3S4C
$NKE is a compounder with a big moat and is down over 50% over a 3+ year period
First swag with $NKE guide, getting under 3/shr (around 2.85) for F'25 vs. street 3.89- revs down 5% yoy vs prior up slightly and spending into it with S,G & A up slightly and GMs up 20bps- shr count only benefit assuming rel aggressive with remaining 9B to blow; Q1 revs down 10%
NKE down 12% after hours, lowest since Covid crash
NIKE SHARES EXTEND DECLINE, LAST DOWN 10.39% AT $84.40 IN EXTENDED TRADE
$NKE Guidance is a disaster: 1Q revenue down -10% FY Revenue down -MSD Stock headed to $60-70 https://t.co/lysyKnD6Ns
$NKE swooshing lower on a revenues miss. @guyadami @riskreversal @karenfinerman and fmr. Bridgewater chief strategist Rebecca Patterson discuss the company's latest quarter and what is behind the drop. https://t.co/s9pgpZ9hop
$NKE trading down to multi-year lows on big miss in North America business. So we’ve now got broad-based demand weakness in athleisure, lattes, fast food slingers, branded consumer staples, home renovation, home construction, discount retailers, transports, and industrials….…
$NKE is down 7.1% after-hours and sentiment during the call is bearish 🐻 Listen to the call LIVE on Stocktwits 👇 https://t.co/qd82SG9qf2 https://t.co/moPZwcFvNS https://t.co/KonSUZXdEM
Nike reported lower revenue in the latest quarter after seeing a significant drop in sales in its key footwear business in North America https://t.co/K6YLCrOFOR
NIKE'S CFO HAS ACKNOWLEDGED A DECLINE IN ITS LIFESTYLE BUSINESS DURING THE FOURTH QUARTER.
Nike $NKE getting dumped in after-hours trading https://t.co/waV5SA0kiI
Nike stock sinks on quarterly revenue miss https://t.co/xiXBiUIMS2 by @_JoshSchafer
$NKE inventories: -11% to $7.5B https://t.co/3heJbD54V5
Nike flags challenges ahead after Q4 revenue, margin miss estimates https://t.co/yrHIgp7Wx0 https://t.co/8TndK5goRE
#Nike slipped after missing revenue estimates in its fourth quarter results. Barclays analyst Adrienne Yih called it a "disappointing" report and lays out what investors should look out for in the company's earnings call. $NKE https://t.co/7IkuF9I5M1
$NKE clearly blew out a lot of product missing GMs by 60bps and inventories were down 11% yoy- question of whether specifically trying to clear the decks for new product or it just kind of sucks- answer usually somewhere in between- only saving grace is costs and low invs
Nike warns of guidance cut as it posts slowest annual sales gain in 14 years https://t.co/7zxD0Q0hgF
$NKE China revenue up and US revenue down. https://t.co/aNzL1CncOP
$NKE MISSES EARNINGS, STOCK DROPS 5.5%
$NKE -Q4 EPS $0.99 vs. est. $0.83 -Q4 revs $12.6B vs. est. $12.81B -at qtr end, inventories were $7.5B, -11% YoY -reported Q4 gross margins 44.7% vs. 43.6% y/y -global revs for North America –1.4% to $5.28B (light), EMEA -1.7% y/y to $3.29B (light) and greater China revs +2.9%… https://t.co/osbCijDy1h
$NKE -6% AH after missing on 4Q Revs $12.61B -2% YoY vs $12.86B (+0% YoY exp). 4Q gross margin was 44.7% vs 45.3% exp. 4Q adj earnings beat $1.01 vs $.85 due to lower than exp SG&A and a much lower than expected tax rate (13% vs 21% exp). Moreover, CFO Matt Friend alluded to a… https://t.co/jkygnvPtFZ
Nike alludes to guidance cut in the release, “our fourth quarter results highlighted challenges that have led us to update our fiscal 25 outlook.” Top executives tell me lifestyle business declined, and size of performance business didn’t offset it. Digital was -10% in the…
Nike reported quarterly sales that fell short of expectations https://t.co/qZsEGYWvgV
First $NKE read obv not good- 2% rev miss; GMs missed by 60bps; SGA better, low tax rate so beat eps handily but said revising prior '25 guide- exps rel low but still def squishy- Direct down 8%, Wholesale up 5%, Invs down 11% vs. sales down 1% so bit of silver lining
$NKE near 52wk low https://t.co/0yqHkLYTou
Nike CFO Matt Friend: "While we are encouraged by our progress, our Q4 FY24 results highlighted challenges that have led us to update our FY25 outlook." https://t.co/otEmcaqECD
$NKE set to report earnings after the bell. Shareholder Kevin McCarthy of @neubergerberman shares his outlook for the retailer https://t.co/gyadR1uW17
$NKE earnings today... while $XLY is having a strong day. #SPX $SPY https://t.co/00xweZHe6i
$NKE reports this evening, expected move 7 ish
$NKE earnings after hours. No position
LISTEN NOW: Nike reports earnings after the close today, as a consumer spending slowdown and rising competition weigh on the stock. Powers Advisory Group's Matt Powers tees up the key number to watch. Listen and follow the @CNBCWEX podcast here: https://t.co/oxVXD9Sfaa https://t.co/xAdYj9Qnlx
Nike $NKE earnings preview: Analysts discuss Q4 report’s key focus areas https://t.co/bTmOZ98EnT https://t.co/tHScVuyy8F
Nike Is on the Brink of Recovery. Today’s Earnings Will Test That. https://t.co/qgfH8zYMa0
$NKE shares just not doing it! The sportswear stock is swooshing more than 13% lower this year as it gears up for earnings tomorrow. @optionsaction @michael_khouw breaks down how options traders are positioning for the event: https://t.co/bAu9KBNKo0
Nike set to report earnings as Wall Street looks for details on product innovation https://t.co/dAqrNqp5Qr by @_JoshSchafer
$NKE Earnings tomorrow. Bottom in?
Nike shares are undervalued headed into tomorrow’s earnings, says @MorningstarInc’s David Swartz. 👟 Swartz outlines what to look for from a growth and guidance perspective in the $NKE report, and what to make of the competition in athleisure with @OJRenick: #MICUS 📍
Nike is due to report its latest results tomorrow. The brand has been losing share to smaller, more innovative labels. Investors are looking for signs Nike is getting back on the front foot. It was great to chat with Reuters.... https://t.co/fBeIc1gflo