Nike Inc. revealed on Thursday that its revenues in the second quarter of its fiscal 2025 landed at $12.4 billion, tumbling 8% on an annual basis, but surpassing analyst's estimates.
In the reported trimester, net income plunged 26% year over year, coming in at $1.16 billion. Meanwhile, earnings per diluted share amounted to $0.78, sliding 24% compared to the same three-month period a year prior.
"NIKE's second-quarter financial performance largely met our expectations, as we continue to make progress in shifting our portfolio … Under Elliott's leadership, we are accelerating our pace and reigniting brand momentum through sport," Chief Financial Officer Matthew Friend commented. Nike's stock soared 8.95% in the after-hours trade to sell at $84 apiece after the report was published.
