Nike (NYSE: NKE ) reported earnings on June 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 31 (Q4), Nike met expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped.
Margins contracted across the board.
Nike recorded revenue of $6.47 billion. The 17 analysts polled by S&P Capital IQ hoped for a top line of $6.51 billion on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $5.77 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.17. The 19 earnings estimates compiled by S&P Capital IQ forecast $1.37 per share. GAAP EPS of $1.17 for Q4 were 4.9% lower than the prior-year quarter's $1.23 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 42.8%, 150 basis points worse than the prior-year quarter. Operating margin was 12.1%, 150 basis points worse than the prior-year quarter. Net margin was 8.5%, 180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $6.40 billion. On the bottom line, the average EPS estimate is $1.15.
Next year's average estimate for revenue is $25.96 billion. The average EPS estimate is $5.19.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,173 members out of 2,304 rating the stock outperform, and 131 members rating it underperform. Among 650 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 623 give Nike a green thumbs-up, and 27 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nike is outperform, with an average price target of $120.85.
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