Q1?-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
Comment
Favorite

MiaoMia0
2024-10-08

Q1?

Nike Q1 Net Income Falls 28% to $1.1 Billion as Margins Compress on Elevated Discounting

Core Highlights: - Net income decreased 27.5% to $1,051 million compared to the prior year. - Gross margin increased 120 basis points to 45.4%. - Revenues decreased 10% to $11,589 millionRevenue Breakdown: Nike Brand:. - Footwear revenue decreased 10% on a currency-neutral basis. Units down 10%, ASP flat.- Apparel revenue decreased 9% on a currency-neutral basis. Units down 12%, ASP up 3%.- Nike Brand wholesale revenue down 7% on a currency-neutral basis.- Nike Direct revenue down 12% on a curre

Nike Q1 Net Income Falls 28% to $1.1 Billion as Margins Compress on Elevated Discounting

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Like

Report

Comment

Top
Latest

empty

No comments yet

Most Discussed

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":357811738644608,"tweetId":"357811738644608","gmtCreate":1728376802663,"gmtModify":1728376806290,"author":{"id":3569065798371607,"idStr":"3569065798371607","authorId":3569065798371607,"authorIdStr":"3569065798371607","name":"MiaoMia0","avatar":"https://static.tigerbbs.com/937d0c9c371af52ba994cfc9accfaeef","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.28%","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":3,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Q1?</p></body></html>","htmlText":"<html><head></head><body><p>Q1?</p></body></html>","text":"Q1?","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/357811738644608","repostId":1114978160,"repostType":2,"repost":{"id":"1114978160","kind":"news","weMediaInfo":{"introduction":"Stay Updated with Major Exchanges' Announcements","home_visible":1,"media_name":"Filings Track","id":"1033292654","head_image":"https://static.tigerbbs.com/f241068b466f5f9316243a75366834d5"},"pubTimestamp":1728373864,"share":"https://ttm.financial/m/news/1114978160?lang=en_US&edition=fundamental","pubTime":"2024-10-08 15:51","market":"us","language":"en","title":"Nike Q1 Net Income Falls 28% to $1.1 Billion as Margins Compress on Elevated Discounting","url":"https://stock-news.laohu8.com/highlight/detail?id=1114978160","media":"Filings Track","summary":"Core Highlights: - Net income decreased 27.5% to $1,051 million compared to the prior year. - Gross margin increased 120 basis points to 45.4%. - Revenues decreased 10% to $11,589 millionRevenue Breakdown: Nike Brand:. - Footwear revenue decreased 10% on a currency-neutral basis. Units down 10%, ASP flat.- Apparel revenue decreased 9% on a currency-neutral basis. Units down 12%, ASP up 3%.- Nike Brand wholesale revenue down 7% on a currency-neutral basis.- Nike Direct revenue down 12% on a curre","content":"Core Highlights: - Net income decreased 27.5% to $1,051 million compared to the prior year\n        - Gross margin increased 120 basis points to 45.4%  \n        - Revenues decreased 10% to $11,589 million<br>Revenue Breakdown: Nike Brand:\n        - Footwear revenue decreased 10% on a currency-neutral basis. Units down 10%, ASP flat.\n        - Apparel revenue decreased 9% on a currency-neutral basis. Units down 12%, ASP up 3%.\n        - Nike Brand wholesale revenue down 7% on a currency-neutral basis. \n        - Nike Direct revenue down 12% on a currency-neutral basis, driven by digital sales decline of 20%.\n\n        Converse:\n        - Revenue down 14% on a currency-neutral basis, driven by declines across all territories.\n        - Wholesale revenue down 16%, direct-to-consumer down 15%.<br>Management Outlook: Management cited profitability was impacted by higher discounts amid elevated inventory levels. Near-term outlook remains challenging due to inflationary pressures.<br>Operating Data: - Cash and equivalents of $8.5 billion, net decrease of $1.6 billion from prior quarter\n        - Inventories increased 9.7% to $8.3 billion\n        - Current cash could support operations for approximately 16 quarters under current loss conditions<br>Operational Risks: - Currency exchange rate fluctuations, stronger U.S. dollar\n        - Rising product costs and freight expenses reducing margins\n        - Geopolitical tensions and economic uncertainty in Greater China\n        - Supply chain disruptions impacting product availability<br><br><a href=\"https://www.sec.gov/Archives/edgar/data/320187/000032018724000065/nke-20240831.htm\">Original Filing</a>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike Q1 Net Income Falls 28% to $1.1 Billion as Margins Compress on Elevated Discounting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike Q1 Net Income Falls 28% to $1.1 Billion as Margins Compress on Elevated Discounting\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1033292654\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/f241068b466f5f9316243a75366834d5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Filings Track </p>\n<p class=\"h-time\">2024-10-08 15:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\nCore Highlights: - Net income decreased 27.5% to $1,051 million compared to the prior year\n        - Gross margin increased 120 basis points to 45.4%  \n        - Revenues decreased 10% to $11,589 million<br>Revenue Breakdown: Nike Brand:\n        - Footwear revenue decreased 10% on a currency-neutral basis. Units down 10%, ASP flat.\n        - Apparel revenue decreased 9% on a currency-neutral basis. Units down 12%, ASP up 3%.\n        - Nike Brand wholesale revenue down 7% on a currency-neutral basis. \n        - Nike Direct revenue down 12% on a currency-neutral basis, driven by digital sales decline of 20%.\n\n        Converse:\n        - Revenue down 14% on a currency-neutral basis, driven by declines across all territories.\n        - Wholesale revenue down 16%, direct-to-consumer down 15%.<br>Management Outlook: Management cited profitability was impacted by higher discounts amid elevated inventory levels. Near-term outlook remains challenging due to inflationary pressures.<br>Operating Data: - Cash and equivalents of $8.5 billion, net decrease of $1.6 billion from prior quarter\n        - Inventories increased 9.7% to $8.3 billion\n        - Current cash could support operations for approximately 16 quarters under current loss conditions<br>Operational Risks: - Currency exchange rate fluctuations, stronger U.S. dollar\n        - Rising product costs and freight expenses reducing margins\n        - Geopolitical tensions and economic uncertainty in Greater China\n        - Supply chain disruptions impacting product availability<br><br><a href=\"https://www.sec.gov/Archives/edgar/data/320187/000032018724000065/nke-20240831.htm\">Original Filing</a>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114978160","content_text":"Core Highlights: - Net income decreased 27.5% to $1,051 million compared to the prior year\n        - Gross margin increased 120 basis points to 45.4%  \n        - Revenues decreased 10% to $11,589 millionRevenue Breakdown: Nike Brand:\n        - Footwear revenue decreased 10% on a currency-neutral basis. Units down 10%, ASP flat.\n        - Apparel revenue decreased 9% on a currency-neutral basis. Units down 12%, ASP up 3%.\n        - Nike Brand wholesale revenue down 7% on a currency-neutral basis. \n        - Nike Direct revenue down 12% on a currency-neutral basis, driven by digital sales decline of 20%.\n\n        Converse:\n        - Revenue down 14% on a currency-neutral basis, driven by declines across all territories.\n        - Wholesale revenue down 16%, direct-to-consumer down 15%.Management Outlook: Management cited profitability was impacted by higher discounts amid elevated inventory levels. Near-term outlook remains challenging due to inflationary pressures.Operating Data: - Cash and equivalents of $8.5 billion, net decrease of $1.6 billion from prior quarter\n        - Inventories increased 9.7% to $8.3 billion\n        - Current cash could support operations for approximately 16 quarters under current loss conditionsOperational Risks: - Currency exchange rate fluctuations, stronger U.S. dollar\n        - Rising product costs and freight expenses reducing margins\n        - Geopolitical tensions and economic uncertainty in Greater China\n        - Supply chain disruptions impacting product availabilityOriginal Filing","news_type":1,"symbols_score_info":{"NKE":1}},"isVote":1,"tweetType":1,"viewCount":1959,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}