
• Reported GAAP EPS of $0.53 down -32.05% YoY • Reported revenue of $12.43B up 0.59% YoY
Bullish
Nike reported 1% revenue growth to $12.4 billion, driven by an 8% increase in wholesale revenues and strong North America growth. Operating overhead expense decreased 4% due to lower costs.
Bearish
Nike's gross margin decreased 300 bps to 40.6% due to higher tariffs, impacting net income and diluted EPS, which both declined 32%. NIKE Direct and Converse revenues also saw significant decreases.