Nike Q2 Earnings Preview: Revenue to Decline, Margins and Earnings Under Pressure
AI Summary1 min read
TL;DR
Nike's Q2 earnings report on Dec. 18 is anticipated to show a low single-digit revenue decline and pressure on margins and earnings, despite some positive business aspects and a 1% foreign exchange benefit. The options market suggests a 7.4% post-earnings stock move.
Tags
NIKENikeearnings reportrevenue declinemarginsstock market
Nike is set to report Q2 earnings on Dec. 18, with shares down 11% YTD. Revenue is expected to decline in the low single digits, while margins and earnings may face headwinds despite encouraging signs in certain parts of the business. Management has guided for a 1% foreign exchange benefit. The options market indicates a 7.4% post-earnings move, higher than Nike's average of 6.8%.
