Sneaker large Nike, Inc. (NYSE: NKE) is about to report first-quarter earnings right now after the closing bell. The corporate’s inventory traded barely decrease forward of the announcement.
Take heed to Nike’s Q1 2025 earnings name dwell and browse the real-time transcript
As per analysts, Nike is estimated to have generated a web earnings of $0.52 per share within the first three months of FY25, which is decrease than the $0.94 share earned in the identical interval of final yr. The income forecast for Q1 is $11.65 billion, in comparison with $12.9 billion within the year-ago quarter.
Within the fourth quarter, earnings elevated to $1.50 billion or $0.99 per share from $1.03 billion or $0.66 per share within the year-ago quarter. In the meantime, revenues decreased 2% year-over-year at $12.61 billion in This fall. Footwear gross sales, the corporate’s core enterprise, dropped 4% yearly.
