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One of the top U.S. sports goods makers Nike, Inc. [NKE] is expected to report a drop in earnings and revenue for Q2 of the 2025 fiscal year, reports suggest. The Beaverton, Oregon-based company is likely to report $0.28 earnings per share, compared to $0.98 in the same quarter of the previous year, Zacks Investment Research has reported. The EPS was $0.78 in previous quarter.
The company’s revenue is expected to be $11.1 billion, a marked drop from $12.4 billion in the same quarter of the previous year. The revenue was $12.3 billion in the previous quarter, according to a Yahoo Finance report.
Nike’s net income will be closely watched amid the recession fears following the uncertainties caused by Trump’s tariff tensions that President Donald Trump’s shifting policies have caused.
The company’s net income, which was $1.2 billion for the quarter ending November 30, 2024, is expected to be hit by lower sales and eroding consumer confidence in an election year.
