Nike exceeded earnings expectations with sales of $11.1 billion but saw decline in sales and income

From NASDAQ.: 2025-07-02 04:05:00

Nike (NYSE: NKE) exceeded earnings expectations, causing the stock to rise. Sales for the last quarter were $11.1 billion, beating analyst predictions of $10.7 billion. However, sales declined by 12% year over year, with net income dropping by 86%. CEO Elliott Hill aims to improve business results following John Donahoe’s retirement. Tariffs may cost Nike $1 billion this fiscal year, impacting margins and demand. Despite the earnings beat, caution is advised due to ongoing challenges. Investors should consider long-term performance and fundamentals before investing in Nike.

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