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Wednesday, 03/22/2023 3:42:44 PM

Wednesday, March 22, 2023 3:42:44 PM

Post# of 1708
NIKE, Inc. (NYSE:NKE) today reported fiscal 2023 financial results for its third quarter ended February 28, 2023.

Third quarter reported revenues were $12.4 billion, up 14 percent compared to the prior year and up 19 percent on a currency-neutral basis*
NIKE Direct sales were $5.3 billion, up 17 percent on a reported basis and up 22 percent on a currency-neutral basis
NIKE Brand Digital sales increased 20 percent on a reported basis, or 24 percent on a currency-neutral basis
Wholesale revenues grew 12 percent on a reported basis and 18 percent on a currency-neutral basis
Gross margin decreased 330 basis points to 43.3 percent
Diluted earnings per share for the quarter was $0.79, down 9 percent


expected a pullback today-- after yesterday HUGE gain

my posts are an OPINION - based on facts. Do your DD

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