What to Expect From NIKE’s Upcoming Q2 Results?
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/NKE'>NIKE, Inc. (NYSE:NKE)</a> ahead of the upcoming Q2 results, noting that investor skepticism remains fairly elevated for sporting goods.</p>
<p>If Nike can deliver low double-digit revenue growth with no change to 2023 guidance, and no major surprises for China (despite COVID headwinds), the analysts believe the sentiment on the company could further improve. </p>
<p>The analysts expect Q2 revenues of $12.67 billion, a gross margin of 42.1% (down 380bps year-over-year), EBIT of $1.27 billion (10.1% margin), and diluted EPS of $0.64.</p>
<p>According to the analysts, key risks include delayed inventory liquidation in North America, China deterioration, and slowing revenue growth.</p>

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