Insight Report 2 minutes Premium

Nike (NKE) 3Q16 Results: Misses on Revenue, Beats on EPS, Orders Up 12%

Executive Summary

  • NIKE reported fiscal 3Q16 revenues of $8.0 billion, up 7.7% year over year and up 14% on a currency-neutral basis but below the $8.2 billion consensus estimate. EPS was $0.55, beating the consensus estimate by $0.06.
  • Revenues for the NIKE Brand were $7.6 billion, up 9.1% and up 15% on a currency-neutral basis, up in all geographies and key categories. Revenues for Converse were $489 million, down 5% on a currency-neutral basis, owing to a new order system that pulled orders scheduled for 4Q15 back into 3Q15.
  • At the end of the quarter, futures orders for delivery during March–July 2016 were up 12% year over year and 17% higher excluding currency changes.

This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.
If you wish to learn more about our subscription plans and become a paying subscriber, click here.