Sneaker large Nike, Inc. (NYSE: NKE) is about to report fourth-quarter earnings at this time after the closing bell. The corporate’s inventory traded greater forward of the announcement on Thursday.
Take heed to Nike’s This fall 2025 earnings name dwell and browse the real-time transcript
As per analysts, Nike is estimated to have generated earnings of $0.12 per share in This fall FY25, which is sharply decrease than the $0.99/share earned in the identical interval of final yr. The income forecast for the fourth quarter is $10.72 billion, in comparison with $12.61 billion within the year-ago quarter.
For the third quarter, the corporate reported web earnings of $794 million or $0.54 per share, in comparison with $1.17 billion or $0.77 per share within the year-ago quarter. At $4.68 billion, Q3 gross revenue was down 16% year-over-year.
The weak bottom-line efficiency was on account of a 9% lower in third-quarter gross sales to $11.3 billion. Wholesale revenues had been $6.2 billion, down 7% on a reported foundation and down 4% on a currency-neutral foundation.
