Nike shares gain on strong Q3 earnings
Portfolio Pulse from
Nike reported Q3 earnings of $0.54 per share, surpassing analyst expectations of $0.29. Total revenue reached $11.3 billion, though this represents a 9% year-over-year decline. Nike Direct revenues fell 12%, and wholesale revenues decreased 7%. Despite challenges, CEO Elliott Hill remains confident in the company's 'Win Now' strategic priorities.
March 20, 2025 | 8:45 pm
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Nike's Q3 performance exceeded expectations, with higher-than-forecast earnings and revenue. The company's strategic focus and CEO's confidence may support short-term stock performance.
Despite revenue decline, Nike beat earnings expectations and showed strategic clarity. The after-hours stock rise and CEO's confident statement suggest positive market sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100