Detailed Analysis of Nike's Fourth Quarter 2024 Financial Performance

Thursday, 27 June 2024, 20:19
The Nike Q4 2024 earnings report reveals a notable increase in profits, surpassing expectations, while revenue shows a slight decline of 2%. The company reported a fourth-quarter net income of $1.50 billion or $0.99 per share, compared to the previous year. Despite revenue challenges, Nike's earnings outperformed estimates, indicating strong operational efficiency and financial management.
AlphaStreet
Detailed Analysis of Nike's Fourth Quarter 2024 Financial Performance

Key Highlights:

Nike Q4 2024 Earnings: The company reported a significant increase in profits.

Revenue Decline: Despite profit growth, revenue experienced a 2% decrease.

Strong Earnings Performance: Nike's earnings exceeded analyst estimates.

Financial Insight:

  • Earnings Growth: Net income rose to $1.50 billion.
  • EPS Comparison: Earnings per share showed a notable improvement.
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