Nike (NKE) Tops Q2 EPS by 16c, Revenue Beats

(Updated - December 18, 2020 4:17 PM EST)

Nike (NYSE: NKE) reported Q2 EPS of $0.78, $0.16 better than the analyst estimate of $0.62. Revenue for the quarter came in at $11.2 billion versus the consensus estimate of $10.56 billion.

• Second quarter reported revenues were $11.2 billion, up 9 percent compared to prior year and up 7 percent on a currency-neutral basis* driven by growth across all geographies, led by Greater China reported revenue growth of 24 percent
• NIKE Direct sales were $4.3 billion, up 32 percent on a reported basis, and up 30 percent on a currency-neutral basis, with double-digit growth across all geographies
• NIKE Brand digital sales increased 84 percent, or 80 percent on a currency-neutral basis, with triple-digit growth in North America and strong double-digit increases in EMEA, Greater China and APLA
• Diluted earnings per share for the quarter was $0.78, up 11 percent
• Inventories declined 2 percent versus prior year and have returned to healthy levels globally

For earnings history and earnings-related data on Nike (NKE) click here.

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