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Nike, Inc. [NKE] reports $1.1 billion quarterly net profit

Nike, Inc. [NKE] reports $1.1 billion quarterly net profit

Company generates $11.6 billion in revenue

By USinMinutes
Published - Oct 07, 2024, 09:07 PM ET
Last Updated - Oct 09, 2024, 01:17 AM EDT

Nike, Inc. Nike, Inc. [NKE] has reported $1.1 billion quarterly profit, an decrease of $121 million from the previous quarter, the company said in a filing to the SEC for the Q1 ended Aug 31, 2024.

Nike reported the quarterly diluted earnings per share (EPS) fell by -9.09 percent to $0.7 from $0.8 in the previous quarter.

Dollars in millions
Aug 31, 2024    May 31, 2024    Feb 29, 2024    Nov 30, 2023   

Income Statement

Revenue $11,589.0  $51,362.0  $12,429.0  $13,388.0 
Net Income $1,051.0  $5,700.0  $1,172.0  $1,578.0 
Net Cash -$1,375.0  $2,419.0  $1,519.0  $478.0 
Gross Margin $5,257.0  $22,887.0  $5,562.0  $5,971.0 
Profit as % of Revenues500.19 401.53 474.57 44.60 
Profit as % of Assets4.25 12.74 4.71 4.22 
Profit as % of Stockholder Equity7.54 39.50 8.24 11.16 
Return on Equity7.54 39.50 8.24 11.16 
Return on Assets2.78 14.96 3.14 4.24 
Turnover Ratio46.87 114.81 49.93 0.36 

Balance Sheet

Total Assets $37,867.0  $38,110.0  $37,356.0  $37,203.0 
Total Liabilities $23,923.0  $23,680.0  $23,130.0  $23,057.0 

Cash Flow Statement

Operating Cash Flow $394.0  $7,429.0  $4,810.0  $2,751.0 
Investing Cash Flow -$166.0  $894.0  $1,184.0  $875.0 
Financing Cash Flow -$1,622.0  -$5,888.0  -$4,468.0  -$3,151.0 
Read the full filing
 
Disclaimer:USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although care is taken to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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