Nike Inc. (NKE - Free Report) just reported is fiscal 2016 fourth quarter results, posting earnings of $0.49 per share on revenues of $8.24 billion.
Q4 diluted earnings per share came in at $0.49, beating the Zacks Consensus Estimate of $0.48 per share but staying flat in comparison to the prior year. Q4 revenues came in at $8.24 billion, just missing our consensus estimate of $8.261 billion and increasing 6% year-over-year (up 9% on a currency-neutral basis).
Revenues for the Nike brand were $7.7 billion, up 8% on a currency-neutral basis thanks to double-digit growth in Western Europe, Greater China, Emerging Markets, and Japan. The company saw strong growth in Sportswear, Global Football, and the Jordan brand.
Net income decreased 2% to $846 million as revenue growth was more than offset by lower gross margin, higher selling, administrative expenses, and a higher tax rate.
For fiscal 2016, diluted EPS rose 17% to $2.16 per share, while revenues increased 6% to $32.4 billion (up12% on a currency-neutral basis).
Check out Zacks’ own Dave Bartosiak discussing the athletic giant’s Q4 results:
NKE stock was down 7.16% as of 4:55 PM EST.
Currently, Nike sits at a Zacks Rank #4 (Sell), but may see a change following the release of its latest earnings results.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Nike Inc. (NKE - Free Report) just reported is fiscal 2016 fourth quarter results, posting earnings of $0.49 per share on revenues of $8.24 billion.
Q4 diluted earnings per share came in at $0.49, beating the Zacks Consensus Estimate of $0.48 per share but staying flat in comparison to the prior year. Q4 revenues came in at $8.24 billion, just missing our consensus estimate of $8.261 billion and increasing 6% year-over-year (up 9% on a currency-neutral basis).
Revenues for the Nike brand were $7.7 billion, up 8% on a currency-neutral basis thanks to double-digit growth in Western Europe, Greater China, Emerging Markets, and Japan. The company saw strong growth in Sportswear, Global Football, and the Jordan brand.
Net income decreased 2% to $846 million as revenue growth was more than offset by lower gross margin, higher selling, administrative expenses, and a higher tax rate.
For fiscal 2016, diluted EPS rose 17% to $2.16 per share, while revenues increased 6% to $32.4 billion (up12% on a currency-neutral basis).
Check out Zacks’ own Dave Bartosiak discussing the athletic giant’s Q4 results:
NKE stock was down 7.16% as of 4:55 PM EST.
Currently, Nike sits at a Zacks Rank #4 (Sell), but may see a change following the release of its latest earnings results.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on NKE - FREE