Nike's earnings boosted rivals such as On Holding, Foot Locker and Under Armour. Here's what Wall Street think the report means for the sportswear sector.
Nike shares NKE, +0.23% rallied 8% as the apparel maker that's also part of the Dow Jones Industrial Average DJIA reported better-than-expected earnings, news that also lifted shares of European rival
Investors bid up Nike's rivals Adidas and Puma in early European markets action, after their U.S. peer beat first-quarter earnings forecasts.

NIKE, Inc. (NKE) Q1 2024 Earnings Call Transcript

09:13pm, Thursday, 28'th Sep 2023
NIKE, Inc. (NYSE:NKE ) Q1 2024 Earnings Conference Call September 28, 2023 5:00 PM ET Company Participants Paul Trussell - VP, IR and Strategic Finance John Donahoe - President and CEO Matt Friend - C
Gross Margins for NIKE (NKE) dipped a tad to 44.2% from 44.3% in the year-ago quarter -- still decent considering the inflation headwinds.
The headline numbers for Nike (NKE) give insight into how the company performed in the quarter ended August 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates a

Nike (NKE) Q1 Earnings Beat Estimates

06:47pm, Thursday, 28'th Sep 2023
Nike (NKE) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.93 per share a year ago.
Nike's (NKE) fiscal first quarter adjusted earnings per share of $0.94 topped analyst estimates of $0.75. Revenue slightly missed Street expectations, $12.94 billion versus the $12.99 billion estimate

Nike Uses Discounts to Clear Out Inventory

06:15pm, Thursday, 28'th Sep 2023
Michael Wolf, managing director at Activate, says Nike has been trying to burn off inventory. Revenue of nearly $13 billion missed estimates for the quarter that ended Aug. 31.
Nike Inc (NYSE: NKE) is trending up in extended hours even though its revenue came in shy of Street estimates in the fiscal first quarter. Why is Nike stock holding up?
Nike Inc (NYSE:NKE) shares climbed 3.5% in extended trading Thursday after the shoe and apparel retailer topped earnings expectations with its fiscal third-quarter results.  For the quarter ended Au
Nike Inc. on Thursday reported a fiscal first-quarter profit that beat expectations, although revenue came up just shy of Wall Street's estimates, amid a drop in sales for Converse sneakers.
Nike fell short of revenue expectations during its fiscal first quarter but beat on earnings and margins.

Top Calls: Nike Reports 1Q Results

04:06pm, Thursday, 28'th Sep 2023
Randal Konik, Jefferies Equity Analyst, joins Romaine Bostick and Katie Greifeld to discuss the big movers on the back of analyst recommendations on Bloomberg Markets: The Close.

Is It Time to Buy This Forever Stock on the Dip?

09:24am, Thursday, 28'th Sep 2023
A powerful and durable brand has made Nike successful year after year. Management's focus on digital investments will help the company maintain its standing.
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