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Data source: Nike. All columns are for the fiscal first quarter, ended Aug. 31. As you can see in the table, Nike's revenue and gross margins have flatlined while its earnings are down.
In the last year, Nike shares are down more than 36% as the footwear brand lost focus on its products and relationships with distribution partners and now has to contend with the rise of On ...
Data source: Nike. Chart by author. Nike expects that slowdown to deepen, with a mid-single-digit drop in its reported revenue in fiscal 2025. Analysts are bracing for a 5% decline.
Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
Nike reports annual revenue for fiscal year 2005 (ending May 31) of $13.74 billion, a 12% increase over the previous fiscal year. Nike Signs Tennis Pro Rafael Nadal. Nike introduces Nike Free. 2007 Nike enters the cricket market with a 5-year sponsorship of the Indian cricket team for US$43m. CEO William Perez leaves Nike on January 23, 2006.
2023: Ford: Automotive United States: Shut down its three plants in Russia in 2019 as part of an effort to turn around its struggling European operation. [76] 2019: Formula 1: Sport United Kingdom: Prohibition to compete under the flag of Russia [77] 2022: Games Workshop: Entertainment United Kingdom: Sales suspended within Russia and Belarus ...
Nike's sales have weakened recently and its stock is down about 24% year-to-date. Before his retirement, he served as the president of consumer and marketplace operations for Nike and the Jordan ...
Nike is set to report its earnings results on Oct. 1. Typically, companies will look to make CEO change announcements alongside other important news, such as earnings; why Nike didn't wait to make ...