Has Nike Stock Bottomed? Analysts Explore Q1 Print, Outlook, Back-To-School Trends


Nike Inc. (NKE) reported upbeat first-quarter results. The results came amid an exciting earnings season..

Telsey: “Expectations were low going into Nike’s 1QF24 print,” but Nike still missed revenue expectations, Fernández wrote in a note. The stock had already lost around 20% over the past three months. “The beat on the profit line came from both a higher gross margin driven by lower supply chain costs and lower SG&A expenses, which benefited from the delay of some technology expenses,” the analyst stated.

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