Key facts: Nike Q2 flat rev, EPS beat; targets cut; World Cup sales up

Nike (NKE) reports Q2 after markets. Prior quarter revenue $11.28B, flat YoY; beat on EPS and adjusted operating income versus estimates.Last week several sell-side analysts cut NI

Nike (NKE) reports Q2 after markets. Prior quarter revenue $11.28B, flat YoY; beat on EPS and adjusted operating income versus estimates.
Last week several sell-side analysts cut NIKE (NKE) price targets: Deutsche Bank $43, Oppenheimer $60, Stifel $50; BNP Paribas, BTIG and Citi also lowered targets, signaling weaker near-term outlook.
Nike (NKE) sold 803 World Cup items vs Adidas 608; Nike's average World Cup price $125 vs $95. World Cup sales are a small slice of revenue; North American Q1 revenue ~ $5.1B.