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Here's What Key Metrics Tell Us About Nike (NKE) Q2 Earnings

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Nike (NKE - Free Report) reported $12.43 billion in revenue for the quarter ended November 2025, representing a year-over-year increase of 0.6%. EPS of $0.53 for the same period compares to $0.78 a year ago.

The reported revenue represents a surprise of +2.35% over the Zacks Consensus Estimate of $12.14 billion. With the consensus EPS estimate being $0.37, the EPS surprise was +43.24%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Nike performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Geographic Revenue- North America: $5.63 billion versus the seven-analyst average estimate of $5.2 billion. The reported number represents a year-over-year change of +8.8%.
  • Geographic Revenue- Asia Pacific & Latin America: $1.67 billion versus the seven-analyst average estimate of $1.73 billion. The reported number represents a year-over-year change of -4.4%.
  • Geographic Revenue- Greater China: $1.42 billion versus $1.55 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -16.8% change.
  • Geographic Revenue- Europe, Middle East and Africa: $3.39 billion versus $3.39 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +2.7% change.
  • Geographic Revenue- Greater China- Apparel: $442 million versus $439.73 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -6.4% change.
  • Revenue- Converse: $300 million versus the seven-analyst average estimate of $351.92 million. The reported number represents a year-over-year change of -30.1%.
  • Revenue- Total Nike Brand: $12.12 billion compared to the $11.88 billion average estimate based on six analysts. The reported number represents a change of +1.5% year over year.
  • Revenue- Global Brand Divisions: $9 million compared to the $10.92 million average estimate based on six analysts. The reported number represents a change of -30.8% year over year.
  • Revenue- Corporate: $3 million versus the six-analyst average estimate of $-21.42 million. The reported number represents a year-over-year change of -112%.
  • Revenue- Footwear: $7.66 billion versus the four-analyst average estimate of $7.53 billion. The reported number represents a year-over-year change of +0.1%.
  • Revenue- Apparel: $3.91 billion versus the four-analyst average estimate of $3.79 billion. The reported number represents a year-over-year change of +4.5%.
  • Revenue- Equipment: $550 million compared to the $542.45 million average estimate based on four analysts. The reported number represents a change of +1.1% year over year.

View all Key Company Metrics for Nike here>>>

Shares of Nike have returned +4.9% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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