Why Nike Beat Earnings But Dropped 9% (Rating Upgrade) [Seeking Alpha]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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US:NYSE Investor Relations:
investors.nike.com/home/default.aspx
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Source: Seeking Alpha
Gross margin held better than expected at 40.2%, but this alone can't offset falling volumes, a $1B footwear gap vs. FY24, and ongoing pressure from tariffs and mix. Nike still trades at a premium while growth is missing, leaving the stock near fair value with limited upside and a turnaround that remains unproven. ozgurdonmaz/iStock Unreleased via Getty Images Introduction Q1 ends with Nike ( NKE ) reporting its Q3 earnings. If you followed along, Nike is a stock I bought in late 2022 but that I then exited, taking advantage of a quick Not really. The beat was helped by FX and margin control, but constant-currency sales declined and key regions like China and EMEA remain weak. Demand. Footwear revenues are still structurally below FY24 levels, and without a volume recovery, margins alone can't drive earnings growth. It's close to fair value, but still not compelling. The stock trades at a premium vs peers despite weak growth and an unproven turnaround story. Recommend
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NKE
News
- NIKE Q3 Earnings & Revenues Top Estimates, Margin Pressures Persist [Yahoo! Finance]Yahoo! Finance
- Nike shares tumble on weak guidance despite in-line Q3 [Yahoo! Finance]Yahoo! Finance
- Nike's China Reset Will Take 4 Quarters — Wall Street Is Done Waiting [Yahoo! Finance]Yahoo! Finance
- Nike one of the most overvalued among footwear stocks [Seeking Alpha]Seeking Alpha
- NIKE (NKE) had its price target lowered by Truist Financial Corporation from $69.00 to $57.00. They now have a "buy" rating on the stock.MarketBeat
NKE
Earnings
- 3/31/26 - Beat
NKE
Sec Filings
- 3/31/26 - Form 8-K
- 3/27/26 - Form SCHEDULE
- 3/9/26 - Form 8-K
- NKE's page on the SEC website