NIKE said its fiscal 2024 third-quarter revenue for the quarter ended February 29, 2024 was $12,429 million, compared with $12,390 million a year earlier, a 0% change, and that diluted earnings per share were $0.77, down 3%.

1. 01

   NIKE said its fiscal 2024 third-quarter revenue for the quarter ended February 29, 2024 was $12,429 million, compared with $12,390 million a year earlier, a 0% change, and that diluted earnings per share were $0.77, down 3%.

2. 02

   The company said diluted earnings per share for Q3 were $0.77, including $0.21 of restructuring charges, and that excluding these charges, non-GAAP diluted earnings per share were $0.98.

3. 03

   NIKE said gross margin for Q3 rose 150 basis points to 44.8%, with restructuring charges a 50 basis points drag. It said selling and administrative expense increased 7% to $4.2 billion, including $340 million of restructuring charges.

4. 04

   The company said it returned about $1.4 billion to shareholders in Q3, including dividends of $562 million and share repurchases of $866 million (7.9 million shares retired).

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Original filing

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