Net income falls 28% for Nike in Q1
2024-10-08
Source:https://internationalleathermaker.com
Author：
Nike has reported its financial results for the first quarter of the 2025 fiscal year, when revenues dropped 10% to US$11.6 billion (down 9% on a currency neutral basis).
Revenues for the Nike brand totalled US$11.1 billion, dropping by 10% and 9% respectively, while Nike Direct revenues were down 13% and 12% to US$4.7 billion.
Chief Financial Officer Matthew Friend said: “Nike’s first quarter results largely met our expectations. A comeback at this scale takes time, but we see early wins — from momentum in key sports to accelerating our pace of newness and innovation.”
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