Nike Earnings Summary: Continued Lack Of Revenue Growth Is Particularly Disheartening

Brian Gilmartin, CFA11.19K FollowersFollow5ShareSavePlay(6min)Comment(1)SummaryFiscal Q3's reported metrics showed Nike beating on revenue and a 21% beat on EPS (Nike has put up a series of whopping EPS beats over the last few years that have done little for the stock price performance).Unfortunately, the key metric for Nike is that looking at the “average” revenue growth over the last 12 quarters, Nike has averaged 0% revenue growth, and that has really cut into margins badly.Nike remains free cash flow positive to the tune of $1 billion (TTM), although, as readers would likely assume, it’s growing more slowly. winhorse/iStock Unreleased via Getty Images When Nike (NKE) reported their fiscal Q3 '26 last Tuesday night, March 31, '26, there was very little to cheer about, and in fact the lowered guidance for fiscal Q4 '26, which I was hoping wouldn’t have to be done, putThis article was written byBrian Gilmartin, CFA11.19K FollowersFollowBrian Gilmartin, is a portfolio manager at Trinity Asset Management, a firm he founded in May, 1995, catering to individual investors and institutions that werent getting the attention and service deserved, from larger firms. Brian started in the business as a fixed-income / credit analyst, with a Chicago broker-dealer, and then worked at Stein Roe & Farnham in Chicago, from 1992 - 1995, before striking out on his own and managing equity and balanced accounts for clients. Brian has a BSBA (Finance) from Xavier University, Cincinnati, Ohio, (1982) and an MBA (Finance) from Loyola University, Chicago, January, 1985. The CFA was awarded in 1994. Brian has been fortunate enough to write for the TheStreet.com from 2000 to 2012, and then the WallStreet AllStars from August 2011, to Spring, 2012. Brian also wrote for Minyanville.com, and has been quoted in numerous publications including the Wall Street Journal.