Nike reported quarterly earnings after market close today. Revenue was $12.94B vs. $12.99B expected. Adjusted EPS was $0.94 vs. $0.75 expected. Gross margin was 44.2% vs. 43.7% expected. Inventories fell down 10% to $8.7B vs. $8.84B expected. Overall, the results are better than expected.
9/28/2023: Nike Stock Soars after Earnings Report
9/28/2023: Nike Stock Soars after Earnings…
9/28/2023: Nike Stock Soars after Earnings Report
Nike reported quarterly earnings after market close today. Revenue was $12.94B vs. $12.99B expected. Adjusted EPS was $0.94 vs. $0.75 expected. Gross margin was 44.2% vs. 43.7% expected. Inventories fell down 10% to $8.7B vs. $8.84B expected. Overall, the results are better than expected.