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
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%