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.