Nike Reports Quarterly Results
Published July 4, 2025
Nike, Inc. (NKE) reported its fourth quarter and full-year earnings results on Thursday, June 26. After reporting better-than-expected earnings, Nike’s shares climbed 17% following the release of the report.
Nike posted fourth quarter net revenue of $11.1 billion. This is down 12% from $12.6 billion reported in the same quarter last year but surpassed $10.7 billion in revenue that analysts expected. For the full year, Nike reported revenue of $46.3 billion, down 10% from $51.4 billion reported last year.
"While our financial results are in-line with our expectations, they are not where we want them to be,” said Nike CEO, Elliott Hill. “Moving forward, we expect our business to improve as a result of the progress we are making through our Win Now actions. As we enter a new fiscal year, we are turning the page and the next step is aligning our teams to lead with sport through what we are calling the sport offense. This will accelerate our Win Now actions to reposition our business for future growth."
The company reported net income of $211 million or $0.14 per adjusted share for the quarter. This was down 86% from net income of $1.50 billion or $0.99 per adjusted share reported last year. Full-year net income came in at $3.2 billion, down 44% from $5.7 billion.
Nike experienced a decrease in revenue across most of its segments as the company continues to implement its turnaround strategy. Nike Brand revenue was $10.8 billion during the quarter, down 11% from this time last year. Nike Direct segment sales reached $4.4 billion, down 14% for the quarter. Nike Brand Digital sales were down 26%, partially offset by a 2% sales increase at Nike-owned stores. Wholesale revenues were down 9% to $6.4 billion.
Nike, Inc. (NKE) shares ended the week at $76.39, up 6.7% for the week.
Walgreens Posts Results
Walgreens Boots Alliance, Inc. (WBA) released its third quarter earnings on Thursday, June 26. Despite exceeding earnings estimates, the company’s stock remained relatively unchanged after the earnings release.
The company reported sales of $39.0 billion for the quarter, up 7% from $36.4 billion reported during the same quarter last year. Revenue came in above analysts’ expectations of $36.8 billion.
“Third quarter results reflect continued improvement in our U.S. Healthcare segment and benefits from our cost savings initiatives, while we continued to see weakness in our U.S. front-end sales,” said Walgreens CEO, Tim Wentworth. “We remain focused on our turnaround plan, which will require time, disciplined focus and a balanced approach to manage future cash needs with investments necessary to navigate an evolving pharmacy and retail environment.”
Walgreens posted a net loss of $175 million for the quarter or $0.20 per adjusted share. This was a reduction from a net income of $344 million or $0.40 per adjusted share one year ago.
Walgreens attributed its increased sales for the third quarter to growth across most of its major segments. The company’s U.S. Retail Pharmacy segment saw an increase in third quarter sales of 7.8% to $30.7 billion. As part of the U.S. Retail Pharmacy segment, Walgreens reported a 2.4% decline in comparable retail sales which was attributed to reduced sales in its grocery, household, health and wellness, and beauty categories. The U.S. Healthcare segment reported sales of $2.1 billion, a decrease of $23 million in sales from one year ago. Internationally, the company saw an increase of 7.8% to $6.2 billion in sales, up from $5.7 billion at the same time last year.
Walgreens Boots Alliance, Inc. (WBA) shares ended the week at $11.47, remaining relatively unchanged for the week.
McCormick Announces Earnings
McCormick & Company, Inc. (MKC) announced its second quarter results on Thursday, June 26. The company reported an increase in revenue, causing shares to rise by over 5% following the earnings release.
Revenue came in at $1.66 billion for the second quarter, up 1% from the $1.64 billion reported in the same quarter last year. This was in line with analysts' estimates.
"We are pleased with our strong results for the first half of the year, as we are managing in a dynamic environment,” said McCormick & Company CEO, Brendan M. Foley. “Our continued volume-driven performance and share gains across core categories reflect the success of our prioritized investments in the areas that are driving the greatest value and will sustain our momentum for the remainder of 2025 and beyond.”
For the quarter, the company reported net income of $175.0 million or $0.65 per share. This is down from net income of $184.2 million or $0.68 per share the year prior.
The Maryland-based spice company reported organic sales increased by 2%, driven by volume and product mix. Consumer segment net sales increased by 3% compared to the prior year to $931 million. The company’s Flavor Solutions segment saw a year-over-year decline of 1% in sales to $729 million. The company reaffirmed its fiscal 2025 outlook and expects earnings per share in the range of $2.98 to $3.03 and net sales growth ranging between 0% to 2%.
McCormick & Company, Inc. (MKC) shares ended the week at $75.15, down 1% for the week.
The Dow started the holiday week of 6/30 at 44,021 and closed at 44,829 on 7/3. The S&P 500 started the week at 6,193 and closed at 6,279. The NASDAQ started the week at 20,360 and closed at 20,601.
