(CercleFinance.com) – Nike announced mixed results for its second financial quarter, accompanied by disappointing prospects and the announcement of restructuring measures.
Wedbush notes that over the past quarter, if EPS increased by 21% to $1.03, largely beat the consensus, its revenues of 13.4 billion fell by 1% in local currencies, while the group expected them. slightly increasing.
‘They now anticipate tougher second-half results, leading them to reduce their full-year revenue growth forecast to +1%, down from mid-single-digit percentage.’ , also underlines the broker.
Wedbush therefore lowers its EPS forecast for the current financial year from 3.70 to 3.48 dollars (‘although it would remain unchanged without a restructuring charge of 20-25 cents expected in the second half’), and that for next fiscal year from 4.30 to 4.21 dollars.
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