GekkoAI report for NIKE, Inc.(NKE)

Dec 27, 2024 02:57 PM
Fair Value Estimate
$120
Overall Rating
3/5
Uncertainty Level
Medium

10-Q Report Analysis

Nike's 10-Q for the three months ended August 31, 2024 (Q1 2025) reveals a company navigating a challenging retail environment while implementing strategic shifts. Here's a breakdown of the key financial and operational takeaways: **Financial Performance - Declining Revenue, Improving Margins:** * **Revenue Decline:** Total revenue decreased by 10% compared to Q1 2024, down to $11.6 billion. This decline affected both Nike Direct (-13%) and wholesale (-8%) channels. The company attributes this to cautious consumer spending, a reduction in footwear s...
Cicada Financial Research Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Cicada Financial Research as a whole. Cicada Financial Research is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysis is generated using artificial intelligence and machine learning technologies to process market data and identify patterns. While we strive for accuracy, AI-generated analysis should be considered one of many factors in investment decision-making.

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