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0.00101994342200642 0.000538838034267531 -0.00555516354375807 -0.0161394820740132 -0.0501375961408933 -0.0547882815557023 -0.0586403320268649 -0.06008044082083
Stock impact report

Nike Q2 results top estimates, but margins remain sluggish amid tariff-fueled hit [Yahoo! Finance]

Nike, Inc. (NKE) 
Last nike, inc. earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.nike.com/home/default.aspx
Company Research Source: Yahoo! Finance
offset weakness in China at time when U.S. tariffs are raising input costs, eating into margins. Nike Inc (NYSE:NKE) was down more than 2% in after-hours trade following the report. For Q2, Nike reported earnings per share of $0.53 on revenue of $12.43 billion. Analysts polled by Investing.com anticipated EPS of $0.37 on revenue of $12.2B. The beat on revenue was supported by growth in North America, with sales up 9% to $5.6B in Q2 from a year earlier, beating analyst estimates of $5.9B. China, however, was a weak spot with sales down 17% to $1.42B, missing estimates of $1.6B. Gross margin, however, decreased 300 basis points to 40.6%, driven by rising promotional activity to clear excess inventory, particularly in North America, and higher tariffs in North America. Inventories fell 3% to $7.7B. Related articles Nike Q2 results top estimates, but margins remain sluggish amid tariff-fueled hit Silver's Bullish Pattern Points Higher — Keep an Eye on $52 Resistance Zone Show less Read more
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