Earnings Season| NKE strong top line 3Q but costs outpace sales

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Earnings Season| NKE strong top line 3Q but costs outpace sales

DividendWave
2023-03-22

$Nike(NKE)$ NKE strong top line 3Q but costs outpace sales
Revenue +14%
COGS +21% (!)
Net income -11%
Dil EPS -9%
$1.5 B buybackSurprised with SG&A being so high. Op overhead expense up by 17%. This caught my attention as well. both COGS and SG&A ahead of revenue.
and inventories +16%

https://twitter.com/DividendWave/status/1638280579044069407

# US Stocks Opportunities

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reeyan
·2023-07-15
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TKY1978
·2023-03-22
[Smile]
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Sea star
·2023-03-22
[Strong]
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Skym
·2023-03-22
K
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Kelvinphan
·2023-03-22
Jb
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JLSE
·2023-03-22
👌👌
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roaringlion
·2023-03-22
ok
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FCY13
·2023-03-22
good
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susanl
·2023-03-22
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moliya
·2023-03-22
coooooooool
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Tyanak
·2023-03-22
👍🏻
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Ye Myint
·2023-03-22
Thx
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企鹅大人
·2023-03-22
[smile]
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bossbaby
·2023-03-22
Ok
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GLTan
·2023-03-22
Ok
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Lcc73
·2023-03-22
K
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Mighty Mouse
·2023-03-22
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Tiger Win
·2023-03-22
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Cchan
·2023-03-22
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rogue66
·2023-03-22
up
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