Nike Q1 Earnings: Revenue Miss, EPS Beat, Teams 'Energized' Amid CEO Transition — 'A Comeback At This Scale Takes Time, But We See Early Wins'
Portfolio Pulse from Adam Eckert
Nike reported Q1 earnings with a revenue miss but an EPS beat. Revenue was $11.59 billion, below estimates, while EPS was 70 cents, above expectations. Sales declined across regions, and the company is undergoing a CEO transition. Nike returned $1.8 billion to shareholders through dividends and buybacks.
October 01, 2024 | 8:42 pm
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NEGATIVE IMPACT
Nike's Q1 earnings report showed a revenue miss but an EPS beat. Sales declined across all regions, and the company is in a CEO transition. Despite challenges, Nike returned $1.8 billion to shareholders.
Nike's revenue miss and sales decline across all regions indicate potential short-term challenges. The CEO transition adds uncertainty. However, the EPS beat and shareholder returns are positive aspects. Overall, the negative revenue trend and market reaction suggest a short-term negative impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100