Nike reports slowest sales growth in 14 years, cuts outlook for 2025 due to challenges.

From CNBC: 2024-06-27 16:51:09

Nike reported its slowest annual sales growth in 14 years, excluding the pandemic, and cut its 2025 outlook due to challenges. In Q4, revenue was $12.61 billion, beating earnings but falling short on expectations. Sales in China exceeded estimates, while North America, Europe, and Asia Pacific/Latin America fell short. Nike is focusing on innovation and reducing products to drive future growth.



Read more at CNBC:: Nike (NKE) earnings Q4 2024