Nike Inc.'s Second Quarter Financial Performance

Nike Inc. disclosed on Thursday that its revenues for the second quarter of fiscal 2025 amounted to $12.4 billion, marking an 8% decline year-over-year. Despite the drop, the figure surpassed analyst estimates, reflecting a resilient performance amidst challenging market conditions.

Net income for the quarter took a significant hit, plunging 26% to $1.16 billion. Earnings per diluted share also saw a 24% decrease, standing at $0.78 compared to the same period last year. These figures underscore the financial pressures the company is facing.

In response to the results, Chief Financial Officer Matthew Friend expressed optimism, stating, "NIKE's second-quarter financial performance largely met our expectations, as we continue to make progress in shifting our portfolio... Under Elliott's leadership, we are accelerating our pace and reigniting brand momentum through sport." Nike's stock experienced an 8.95% surge in after-hours trading, reaching $84 per share following the release of the report.