Nike Beats Sales, Earnings Projections in Q3 as Leadership Touts Innovation Pipeline

March 21, 2024

Nike Inc.  reported sales and earnings results that beat expectations.

For the third quarter, the athletic giant reported that revenues grew slightly over last year to $12.4 billion, ahead of the $12.28 billion expected by analysts surveyed by Yahoo Finance and ahead of prior guidance from the company. Net income was down 5 percent to $1.2 billion and diluted earnings per share was 77 cents, which included 21 cents per share of restructuring charges. This was ahead of the 74 cents expected by analysts. FN