WS #11111
Nike beat Q4 estimates on EPS and revenue, but the beat was driven by a one-time tariff benefit and revenue declined YoY, with China sales down 12% and Converse down 32%, leading to a post-market stock decline. Constellation Brands reported better-than-expected Q1 results and raised FY27 GAAP EPS guidance, with beer market share gains offsetting wine headwinds.
Nike Earnings Beat Masks Weakness
Nike beat Q4 estimates on EPS and revenue, but the beat was driven by a one-time tariff benefit and revenue declined YoY, with China sales down 12% and Converse down 32%, leading to a post-market stock decline.
Constellation Brands reported better-than-expected Q1 results and raised FY27 GAAP EPS guidance, with beer market share gains offsetting wine headwinds.