Categories AlphaGraphs, Consumer, Earnings

Earnings Preview: Here’s what to look for when Nike reports Q4 2019 results

NIKE Inc. (NYSE: NKE) is scheduled to report fourth quarter 2019 earnings results on Thursday, June 27, after market close. Analysts expect earnings to drop over 4% year-over-year to $0.66 per share while revenue is expected to increase over 3% to $10.16 billion.

Nike is likely to see strength in the fourth quarter due to strong demand and sales across its categories and geographies. The ongoing momentum in the athleisure space along with the company’s efforts to constantly improve its business will benefit quarterly results.

Nike’s investments in its direct-to-consumer channel and digital capabilities are paying off. The higher costs from these investments, however, are likely to pressure earnings. The impact of the trade war on Nike’s business is a hot topic of discussion, and one that analysts are closely watching. Nike’s top line results might also see negative impacts from currency fluctuations.

The company also faces challenges in North America due to tough competition in the retail industry and the rapidly-changing preferences of consumers.

In the third quarter of 2019, Nike surpassed earnings estimates while revenues came in line with expectations. Revenue grew 7% to $9.6 billion while earnings totaled $0.68 per share. The company saw single-digit sales increases in its footwear and apparel categories. Revenue also increased across all its geographies with Greater China posting double-digit growth.

An infographic on Nike's third quarter 2019 earnings results
NIKE Q3 2019 Earnings Infographic

Nike’s shares have gained 15% so far this year while over the past three months, they have climbed 3%.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Key highlights from Constellation Brands’ (STZ) Q3 2025 earnings results

Constellation Brands, Inc. (NYSE: STZ) reported its third quarter 2025 earnings results today. Net sales of $2.46 billion remained flat compared to the prior-year quarter on both a reported and

WBA Earnings: Walgreens Boots Alliance reports higher Q1 sales; results beat

Walgreens Boots Alliance, Inc. (NASDAQ: WBA) on Friday reported an increase in net sales for the first quarter of 2025. Both sales and profit exceeded estimates. Earnings, excluding special items,

DAL Earnings: All you need to know about Delta Air Lines’ Q4 2024 earnings results

Delta Air Lines (NYSE: DAL) reported its fourth quarter 2024 earnings results today. Total operating revenue increased 9% year-over-year to $15.6 billion. Adjusted revenue increased 6% to $14.4 billion. Net

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close