Categories AlphaGraphs, Consumer, Earnings

NKE Earnings: Highlights of Nike’s Q1 2023 results

Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company’s stock suffered a big loss following the announcement this week.

First-quarter net income dropped to $1.47 billion or $0.93 per share from $1.87 billion or $1.16 per share in the corresponding period of last year. The bottom line was negatively impacted by higher costs.

Meanwhile, revenues moved up 5% year-over-year to $12.69 billion. Weakness in the apparel segment was more than offset by higher sales in the core footwear division.


Read management/analysts’ comments on Nike’s Q1 2023 earnings


“NIKE’s first quarter results set the foundation for another year of strong growth. Our focus continues to be the consumer, as we take action to navigate near-term dynamics while expanding long-term structural benefits through our Consumer Direct Acceleration strategy,” said Matthew Friend, the chief financial officer of Nike.

Prior Performance

  • Nike Q4 2022 earnings infographic
  • Nike reports Q1 2022 earnings results

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

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