$Nike(NKE.US) -4.6% AH (no position) after giving a dismal 4Q outlook as new CEO Elliott Hill reset revenue and gross margin expectations lower while re-focusing Nike’s marketing message on the athlete.
3Q actuals:- Rev $11.27B (-9% YoY) vs $11.03B (-11% YoY) est- Gross margin 41.5% vs 41.9% est- EPS $.54 vs $.28 est- Repurchased just $499M shares vs $1,050M avg over the past 4 qtrs.4Q guidance:- Revs mid-teens decline vs -12% exp- Gross margin -400bp to -500bp vs -340bp expFY’26 (starts June 2025):- Same 4Q headwinds continuing into FY’26 (vs WS rev 0% est growth, gross margins expected to grow 80bp in FY’26)- Digital traffic double digit declines vs direct to consumer rev growth -1.5% expThe copyright of this article belongs to the original author/organization.
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