Nike reported fourth-quarter revenue of $10.97 billion, beating analyst expectations of $10.86 billion, yet still marking a 1% year-over-year decline. Adjusted earnings per share came in at 20 cents, above the 13-cent consensus, helped in part by tariff refunds that boosted net income to nearly $1.1 billion from $211 million a year ago. CEO Elliott Hill acknowledged ongoing turnaround challenges, particularly a 12% sales drop in Greater China, and said the company is not living up to its full potential. Nike shares have fallen more than 70% over the past five years and trade at a forward price-to-earnings multiple of 23, which analysts consider elevated given the uncertain outlook.
Nike IncRevenue declined 1% YoY and Greater China sales dropped 12%, with CEO acknowledging turnaround challenges and analysts viewing valuation as elevated.
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