Nike Faces Q4 Test With 13-Cent EPS Seen on $10.86 Billion Revenue
Updated
Updated · CNBC · Jun 30
Nike Faces Q4 Test With 13-Cent EPS Seen on $10.86 Billion Revenue
1 articles · Updated · CNBC · Jun 30
Summary
$10.86 billion in revenue and 13 cents a share are the Wall Street targets for Nike’s fiscal fourth quarter, due after the bell Tuesday.
Nike had guided to a 2% to 4% sales decline for the quarter and said sales would keep falling through the rest of the calendar year, even as an unexpected tariff-refund benefit will lift reported results.
North America showed some resilience last quarter with 3% sales growth, but Greater China revenue fell 7% to $1.62 billion, reinforcing the uneven recovery CEO Elliott Hill has warned will not be linear.
The report lands amid broader pressure from tariffs, oil-driven consumer caution and a recent restructuring that cut 1,400 jobs, with a CFO handover to David Denton set for Aug. 17.