Nike Reports Lower Q1 Revenue and Profit Amid Weak Demand, Yet Earnings Beat Estimates
Nike Q1 Earnings Overview
Nike, Inc. (NYSE: NKE) reported a decrease in sales and profit for the first quarter of 2025 as weak demand impacted revenue.
Despite the downturn, the sportswear leader's earnings exceeded Wall Street's forecasts, highlighting its resilience amidst challenges.
Key Financial Figures
- Net Income: $1.05 billion ($0.70 per share) down from $1.45 billion ($0.94 per share) in Q1 2024.
- Revenues: $11.59 billion, down 10% from $12.90 billion year-over-year.
- NIKE Direct Revenue: Decreased by 13% to $4.7 billion.
The decline in demand reflects broader trends impacting the retail sector, including ongoing effects from the pandemic.
Market Context
As Nike adapts to changing market dynamics, the stock remains a focal point of discussion. Analysts are questioning whether Is Nike stock a buy? amid these shifting circumstances.
Stay tuned for updates and deeper insights into Nike’s performance in the upcoming financial seasons.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.