US Stock IR Daily – March 31, 2026 (1 reports)

• Nike announced its financial results for the third quarter of fiscal year 2024, which ended on February 29, 2024, on March 21, 2024.
• Total revenues reached $12.4 billion, representing a 0.9% increase year-over-year on a reported basis (up 2% on a currency-neutral basis).
• Net income was $1.17 billion, a decrease of 5% compared to the prior year. Diluted earnings per share (EPS) were $0.77, down 4% year-over-year.
• NIKE Direct revenue amounted to $5.4 billion, increasing by 7% year-over-year on a reported basis (up 8% on a currency-neutral basis).
• Gross margin expanded by 150 basis points to 44.8%. Inventory levels decreased by 13% year-over-year to $7.7 billion.

Nike’s recent earnings report indicates a slight revenue increase driven by strong growth in NIKE Direct, which may suggest the effectiveness of its direct-to-consumer strategy. The reported decline in net income and EPS could reflect increased operational costs or strategic investments during the period. The improvement in gross margin and reduction in inventory levels might signal enhanced operational efficiency and effective inventory management efforts.