Nike (NYSE:NKE) Q3 2024 Results
Main financial results
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Revenue: USD 12.4 billion (flat with Q3 2023).
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Net income: USD 1.17 billion (down 5.5% from Q3 2023).
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Profit margin: 9.4% (same as Q3 2023).
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EPS: USD 0.78 (down from USD 0.80 in Q3 2023).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Nike's revenue and profits exceeded expectations
Sales exceeded analysts' expectations by 1.1%. Earnings per share (EPS) also exceeded analyst estimates by 8.8%.
Looking ahead, revenues are expected to grow at an average annual rate of 4.6% over the next three years, compared to a growth forecast of 6.3% for the U.S. luxury goods industry.
performance of America's luxury goods industry.
The company's stock price fell 5.8% from the previous week.
balance sheet analysis
Just as investors need to consider its earnings, it's also important to consider the strength of a company's balance sheet.we have A graphical representation of NIKE's balance sheet and a detailed analysis of the company's financial position.
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