Nike's (NKE) First Quarter Revenue Drops 10%, Profits Also Decline

Nike Inc. (NKE, Financial) reported its financial results for the first quarter of fiscal year 2025, ending on August 31, 2024. The company experienced a 10% year-over-year decrease in revenue, totaling $11.589 billion. Additionally, net profit fell by 28$1.051 billion.Revenue from the Greater China region reached $1.666 billion, marking a 4% decline compared to the previous year. ...