Mentioned
NIKE
NKE
-1.28 (-2.30%)
54.34
54.35
Andrei Deneanu
Romania
3m
๐๐ข๐ค๐ž ($๐๐Š๐„) ๐„๐š๐ซ๐ง๐ข๐ง๐ ๐ฌ: ๐€ ๐Œ๐ข๐ฑ๐ž๐ ๐๐ฎ๐š๐ซ๐ญ๐ž๐ซ ๐ŸŸฉ๐˜๐“๐ƒ ๐๐ž๐ซ๐Ÿ๐จ๐ซ๐ฆ๐š๐ง๐œ๐ž: +๐Ÿ”๐ŸŽ%๐ŸŸฉ ๐Ÿ๐˜ ๐†๐ซ๐จ๐ฐ๐ญ๐ก: +๐Ÿ‘๐Ÿ•๐ŸŽ% ๐Ÿ“ˆ (๐’๐ข๐ง๐œ๐ž ๐‰๐š๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘) ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’: +๐Ÿ’๐Ÿ–.๐Ÿ•% ๐Ÿ“† ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘: +๐Ÿ—๐Ÿ”.๐Ÿ—๐Ÿ–% ๐Ÿ“† $NKE (NIKE) reported its fiscal Q2 2026 results yesterday, and it was a complex quarter for one of our largest holdings. On the surface, the results beat analyst expectations. The company posted earnings per share of 0.53 USD, well ahead of the 0.37 USD consensus, and revenue came in at 12.4 billion USD, slightly above the 12.2 billion USD forecast. However, the market reacted negatively, with the stock falling in after-hours trading. The main concerns stemmed from a significant drop in gross margin, which fell by 300 basis points to 40.6%. The company attributed this primarily to the impact of higher tariffs in North America. Furthermore, the outlook for the upcoming quarter points to a low-single-digit revenue decline and continued margin pressure. The report also showed weakness in the Nike Direct channel, with digital sales down 14%, and a sharp 30% decline in revenues for the Converse brand. Despite these challenges, the wholesale business showed strength with 8% growth, and the North American market grew by 9%. This is a challenging environment for Nike as it navigates cost pressures and strategic shifts. Given that NKE is a significant long-term position in our portfolio, we have reviewed these results carefully and will continue to hold our position.
1 Mentioned
NIKE
NKE
NIKE
1 reply
null
.