The Walt Disney Company (NYSE: DIS) takes top honors for domestic box office in 2024 and could be in store for a strong 2025 with a new analyst forecast calling for box office revenue to grow 8% in 2025, which is likely music to the ears of movie theater executives.2024 Box Office Winners: Disney is the only movie studio to hit the $2 billion figure for the domestic box office in 2024, led by hits like "Inside Out 2," "Deadpool & Wolverine" and the recently released "M...
Nike Inc (NYSE: NKE) reported second-quarter financial results for fiscal 2025 after the market close on Thursday. Here's a rundown of the athletic footwear and apparel company's report.
Q2 Earnings: Nike reported second-quarter revenue of $12.35 billion, beating analyst estimates of $12.13 billion. The company reported second-quarter earnings of 78 cents per share, beating analyst estimates of 65 cents per share.
Total revenues were down 8% year-over-year. North America sales were down about 8%, Greater China sales were down about 8%, European sales fell 7% and Asia Pacific and Latin American sales were down 3%.
Nike Direct revenues were $5 billion in the quarter, down 13% year-over-year. Nike Brand revenues totaled $12 billion, down 7%, and Wholesale revenues fell 3% to $6.9 billion.
Inventories came in at $8 billion, flat on a year-over-year basis. The company ended the quarter with $9.8 billion in cash, equivalents and short-term investments.
"After an energizing 60 days of being back with my Nike teammates, our clear priority is to return sport to the center of everything we do," said Elliott Hill, president and CEO of Nike.
"We're taking immediate action to reposition our business, so we can get back to driving long-term shareholder value. Our team is ready to go, and I'm confident you will see more moments of Nike being Nike again."...
