Nike, Inc. - Class B (NKE)
Nike (NKE) Revenue Drops in Q1 2025 Amid Decreasing Profits
Nike (NKE, Financial) shares declined more than 1.3%, closing at $81.17. The company's financial report for the first quarter of fiscal year 2025, which ended on August 31, 2024, showed revenues of $11.589 billion, marking a 10% decrease compared to the previous year.
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Nike's (NKE) First Quarter Revenue Drops 10%, Profits Also Decline
Nike Inc. (NKE, Financial) reported its financial results for the first quarter of fiscal year 2025, ending on August 31, 2024. The company experienced a 10% year-over-year decrease in revenue, totaling $11.589 billion.
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The Nike Reset Is Here. Is the Stock a Buy?
Nike just reported one of its worst quarters ever. Are better times around the corner?
Nike Earnings Summary: Did The CFO 'Kitchen Sink' The Quarter For Elliott Hill?
Despite the big EPS beat and better gross margins, the stock fell 10% as investors realized that the turnaround is in its infancy and there's a lot of work to be done. EPS and revenue estimates were cut sharply after Nike withdrew guidance for fiscal '25 (ends May '25). Revenue estimate revision now expect a full year 7% decline in Nike revenue for May '25.
Nike share weakness not a good buying opportunity, analysts say
Analysts at Jefferies remain sidelined on Nike Inc (NYSE:NKE, ETR:NKE) shares, sharing that they won't be buying the stock amid share price weakness. Nike shares traded hands at $82 on Thursday afternoon, down 8.5% over the last week on disappointing earnings.
Nike's Post-Earnings Drop Presents a Buying Opportunity
Nike NKE shares fell after the Q1 report, which opened an opportunity for investors. The fall is due to numerous factors, including weaker-than-expected results, revoked guidance, and a CEO transition that is ultimately expected to turn the company around.
