Nike, Inc. - Ordinary Shares - Class B

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Earnings Announcements

Nike Reports Q2 EPS Of $0.83

Published: 12/20/2021 21:46 GMT
Nike, Inc. - Ordinary Shares - Class B (NKE) - Nike, Inc. Reports Fiscal 2022 Second Quarter Results.
Q2 Earnings per Share $0.83.
Q2 Revenue Rose 1 Percent to $11.4 Billion.
Qtrly Nike Brand Digital Sales Increased 12 Percent, Or 11 Percent on a Currency-neutral Basis.
Qtrly Gross Margin Increased 280 Basis Points to 45.9 Percent.
Qtrly Revenues for Nike Brand Were $10.8 Billion, Flat to Prior Year on a Currency-neutral Basis.
Q2 Earnings per Share View $0.63, Revenue View $11.25 Billion -- Refinitiv Ibes Data (analyst estimates).
Qtrly Greater China Revenue $1,844 Million Versus $2,298 Million.
Qtrly North America Total Revenue Was $4,477 Million Versus $4,006 Million Reported Last Year.
Qtrly Europe, Middle East & Africa Revenue $3,142 Million Versus $2,958 Million.
Nike - Qtrly Revenue in Greater China & Apla Declined, Largely Due to Lower Levels of Available Inventory Resulting From Covid-19 Related Factory Closures.
Inventories for Nike, Inc. As of Nov 30, 2021 Were $6.5 Billion, Up 7 Percent Compared to Prior Year Period.
While Closures Had Impact Across Portfolio, N. America & Emea Delivered Growth Due to Higher Levels of In-transit Inventory Entering Q2.
Higher Quarter-end Inventories Driven by Elevated In-transit Inventories Due to Extended Lead Times From Ongoing Supply Chain Disruptions.
Revenue is expected to be $10.63 Billion
Adjusted EPS is expected to be $0.72

Next Quarter Revenue Guidance is expected to be $12.89 Billion
Next Quarter EPS Guidance is expected to be $0.98

More details on our Analysts Page.