Categories AlphaGraphs, Consumer, Earnings
Earnings Infographic: A snapshot of Nike’s Q3 2024 results
Nike, Inc. (NYSE: NKE) has reported a decrease in earnings for the third quarter of 2024, when the sneaker giant’s revenues remained broadly unchanged.
Third-quarter net income was $1.17 billion or $0.77 per share, compared to $1.24 billion or $0.79 per share in the corresponding period of fiscal 2023. The bottom line was negatively impacted by flat sales.
February-quarter revenues remained unchanged year-over-year at $12.43 billion. NIKE Direct revenues were $5.4 billion, slightly higher on a reported and currency-neutral basis.
“Our teams are focused on what matters most to return to strong growth. We are taking action to build a faster, more efficient NIKE and maximize the impact of our new innovation cycle,” said Matthew Friend, Nike’s chief financial officer.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
