Company Of The Day: Nike

December 22nd, 2022 by Trefis Team
+18.01%
Upside
77.40
Market
91.34
Trefis
NKE: Nike logo
NKE
Nike

What?

Nike (NYSE:NKE) posted a stronger-than-expected set of Q3 results, with revenue rising 17% versus last year to $13.32 billion and EPS coming in at $0.85 per share.

Why?

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The company made better-than-expected progress in liquidating its excess inventory, helping revenues and earnings.

So What?

Nike stock was up almost 12% in pre-market trading on Wednesday.

See Our Complete Analysis For Nike

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

 Returns Dec 2022
MTD [1]		 2022
YTD [1]		 2017-22
Total [2]
 NKE Return 6% -31% 128%
 S&P 500 Return -5% -19% 73%
 Trefis Multi-Strategy Portfolio -5% -21% 216%

[1] Month-to-date and year-to-date as of 12/22/2022
[2] Cumulative total returns since the end of 2016

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