Nike: Huge Q2 Earnings Beat


  • Nike reported Q2 results that were way better than expected.
  • Still, profit growth was anemic due to the impact of margin compression caused by high inventory levels.
  • Nike is not trading at an attractive valuation right now.
Large NIKE store at night with many people‘s silhouette

Robert Way

Article Thesis

NIKE (NYSE:NKE) reported its fiscal second quarter earnings results on Tuesday evening. The company beat estimates easily, showcasing a compelling growth rate versus the previous year’s quarter, which surprised many analysts and investors. The headwinds that the company is experiencing aren’t

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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