Nike (NYSE:NKE) Reports Q1-2023 Earnings: Here are the Results
Nike (NYSE:NKE) recently reported earnings for its first quarter of Fiscal Year 2023. Diluted earnings per share came in at $0.93, which beat analysts'' consensus estimate of $0.92 per NKE share. In the past nine quarters, the company has beaten estimates nine times. Sales increased 4% year-over-year (10% on an fx-neutral basis), with revenue hitting $12.7 billion compared to $12.25 billion, higher than the $12.28 billion that analysts were looking for. In addition, the company demonstrated operating deleverage since earnings fell despite higher revenue. Indeed, diluted EPS fell 20% as revenue increased 4%. Likewise, NKE''s EBIT margin fell from 17.7% to 14.5%.
Nike (NYSE:NKE) Reports Q1-2023 Earnings: Here are the Results
Nike (NYSE:NKE) recently reported earnings for its first quarter of Fiscal Year 2023. Diluted earnings per share came in at $0.93, which beat analysts'' consensus estimate of $0.92 per NKE share. In the past nine quarters, the company has beaten estimates nine times. Sales increased 4% year-over-year (10% on an fx-neutral basis), with revenue hitting $12.7 billion compared to $12.25 billion, higher than the $12.28 billion that analysts were looking for. In addition, the company demonstrated operating deleverage since earnings fell despite higher revenue. Indeed, diluted EPS fell 20% as revenue increased 4%. Likewise, NKE''s EBIT margin fell from 17.7% to 14.5%.