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Nike (NKE) Revenue Drops in Q1 2025 Amid Decreasing Profits
NKENIKE(NKE) Gurufocus·2024-10-07 14:31

Nike (NKE, Financial) shares declined more than 1.3%, closing at 81.17.Thecompany′sfinancialreportforthefirstquarteroffiscalyear2025,whichendedonAugust31,2024,showedrevenuesof81.17. The company's financial report for the first quarter of fiscal year 2025, which ended on August 31, 2024, showed revenues of 11.589 billion, marking a 10% decrease compared to the previous year. Net income also fell by 28% to 1.051billionduringthesameperiod.RevenuesfromtheGreaterChinaregionreached1.051 billion during the same period.Revenues from the Greater China region reached 1.666 billion, reflecting a 4% decrease year-over-year. ...