On July 2, Nike rose 3.46% in regular trading, trading at $44.55/share, with turnover of $145 million. The stock had previously dropped over 7% in after-hours trading following cautious next fiscal year guidance, but reversed course during the regular session.
On the news front, Nike reported fiscal Q4 adjusted earnings per share of $0.20, significantly exceeding market expectations of $0.13. Revenue came in at $10.97 billion, slightly above consensus, with the running category delivering double-digit growth for the fifth consecutive quarter. Additionally, Nike CEO Elliott Hill stated on the earnings call that the company is fully restructuring its China market operating model and advancing localization strategies, with the football category achieving double-digit growth.
Despite Greater China revenue declining 12% year-over-year and management projecting low-to-mid single-digit revenue declines for fiscal 2027, the strong earnings beat and margin improvement signals helped restore investor confidence. Multiple analysts lowered price targets post-results, with Barclays cutting to $52, UBS to $48, and BofA to $47, though the consensus mean target remains at approximately $50.74 with an overweight average rating.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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