Nike Inc. Beats Q4 EPS Estimates But Warns of Fiscal 2025 Guidance Cut
June 27, 2024
Nike, Inc. reported earnings in the fiscal fourth quarter ended May 31 exceeded analysts’ consensus targets by 17 cents but also warned that it would downwardly adjust its guidance for the coming year due to continued “challenges” in the marketplace.
Earnings in the fourth quarter reached $1.01, excluding charges, compared to Wall Street’s consensus estimate of 84 cents a share. Revenue came in at $12.6 billion, down from $12.9 million in the prior year quarter. SGB
