Nike Q4 Earnings Highlights: Revenue Beat, EPS Miss, China Sales, Inventory Update And More
Portfolio Pulse from Chris Katje
Nike Inc (NYSE:NKE) reported Q4 revenue of $12.82 billion, up 10% YoY, beating the Street consensus estimate of $12.59 billion. However, its Q4 earnings per share were 66 cents, missing the Street consensus estimate of 67 cents. Nike Direct revenue was $5.5 billion, up 15% YoY, while wholesale revenue was $6.7 billion, down 2% YoY. Sales in China were $1.8 billion, up 16% YoY. Full year revenue was $51.2 billion, up 10% YoY. Nike shares are down 0.27% to $113.08 in after-hours trading.
June 29, 2023 | 8:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Nike's Q4 revenue beat estimates but its EPS missed, which may have contributed to the slight drop in its share price in after-hours trading.
Nike's Q4 earnings report showed a mixed picture with revenue beating estimates but EPS missing. This mixed result, along with other factors such as the overall market sentiment, could have contributed to the slight drop in Nike's share price in after-hours trading.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100