After A Down Quarter And Class-Action Lawsuit, Nike Prays For A Paris Olympics Win

Nike Paris Olympic athlete kitsCourtesy of NikeNike ended June battered and bruised. It just reported fiscal fourth-quarter revenues through May 31 were down 2% to $12.6 billion, with its Nike Direct revenues off 8%, dropping to $5.1 billion. It ended the year up 1% to $51.4 billion after reaching $51.2 billion in fiscal 2023 on 10% growth and a fourth quarter advance of 5% to $12.8 billion.With the company in the throes of a product cycle transition and shifting channel mix, it expects first quarter fiscal ...