Categories AlphaGraphs, Consumer, Earnings
Earnings Infographic: Highlights of Nike’s Q3 2023 results
Sportswear giant Nike, Inc. (NYSE: NKE) on Tuesday reported a decrease in earnings for the third quarter of 2023, when its revenues increased by 14%.
Third-quarter net income was $1.24 billion or $0.79 per share, compared to $1.40 billion or $0.87 per share in the corresponding period of fiscal 2022. The bottom line was negatively impacted by an increase in operating expenses.
February-quarter revenues grew 14% from last year to $12.40 billion. NIKE Direct sales were $5.3 billion, up 17% from the prior-year quarter
Check this space to read management/analysts’ comments on Nike’s Q3 2023 earnings
“NIKE’s brand distinction and strong execution continue to create separation in the marketplace. We have made tremendous progress on inventory as we position NIKE for sustainable and more profitable growth,” said Matthew Friend, Nike’s chief financial officer.
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
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
