Categories AlphaGraphs, Consumer, Earnings
Earnings: Everything you need to know about Nike’s Q2 2023 results
Sportswear giant Nike, Inc. (NYSE: NKE) on Tuesday reported a modest increase in earnings for the second quarter of 2023, when its revenues grew in double digits. The latest numbers also came in above Wall Street’s expectations.
Second-quarter net income was $1.33 billion or $0.85 per share, compared to $1.33 billion or $0.83 per share in the corresponding period of fiscal 2022. The bottom line was negatively impacted by an increase in operating expenses.
November-quarter revenues grew 17% from last year to $13.3 billion. The top line also came in above the consensus forecast.
Check this space to read management/analysts’ comments on Nike’s Q2 2023 earnings
“Consumer demand for NIKE’s portfolio of brands continues to drive strong business momentum in a dynamic environment. We remain focused on what we can control, and we are on track to deliver on our operational and financial goals — setting the foundation for sustainable, profitable growth,” said Matthew Friend, chief financial officer of Nike.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion