NIKE Inc
NKE
$64.59 -1.93%
Exchange: NYSE | Sector: Consumer Cyclical | Industry: Apparel Footwear Accessories
Q2 2024
Published: Jan 5, 2024

Earnings Highlights

  • Revenue of $13.39B up 0.6% year-over-year
  • EPS of $1.03 increased by 22.4% from previous year
  • Gross margin of 44.6%
  • Net income of 1.58B
  • ""We create innovation that pushes human potential... a great quarter for NIKE and the athletes who inspire us." - John Donahoe, President and CEO" - John Donahoe
NKE
NIKE Inc

Executive Summary

NIKE Inc (NKE) reported a robust performance in Q2 FY 2024, achieving revenues of $13.39 billion, reflecting a 1% year-over-year increase and a significant 21% rise in earnings per share. Despite facing challenges in a highly promotional marketplace, NIKE's strategic focus on innovation and effective market execution enabled strong growth in key areas such as the running segment and direct-to-consumer channels. Management emphasized a commitment to enhancing operational efficiencies and investing in new product innovations to sustain long-term growth amidst macroeconomic volatility. Management’s commentary illustrated confidence in the brand's ability to navigate current challenges while maintaining a strong market position.

Key Performance Indicators

Revenue
Increasing
13.39B
QoQ: 3.47% | YoY: 0.55%
Gross Profit
Increasing
5.97B
44.60% margin
QoQ: 4.39% | YoY: 4.55%
Operating Income
Increasing
1.83B
QoQ: 13.78% | YoY: 15.00%
Net Income
Increasing
1.58B
QoQ: 8.83% | YoY: 18.56%
EPS
Increasing
1.04
QoQ: 9.47% | YoY: 22.35%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 11,720.00 0.49 -7.0% View
Q3 2025 11,269.00 0.54 -9.3% View
Q2 2025 12,354.00 0.78 -7.7% View
Q1 2025 11,589.00 0.70 -10.4% View
Q4 2024 12,606.00 0.99 -1.7% View
Q2 2024 13,388.00 1.03 +0.6% View