Nike Inc. stock jumps 15% as company believes sales slump is ending

From Yahoo Finance: 2025-06-28 10:24:00

Nike Inc. (NKE) stock soared 15.19% to $72.04 as the company believes the worst is over for their sales slump. In the fourth quarter of fiscal year 2025, net income dropped 86% to $211 million, while revenues fell 12% to $11.097 billion. For the full year, net income decreased 44% to $3.219 billion, and revenues dropped 10% to $46.309 billion. Nike’s President and CEO stated that results were as expected but not where they want them to be. The CFO expects headwinds to moderate and is confident in navigating through the current environment.



Read more at Yahoo Finance: Nike Inc. (NKE) Skyrockets 15% as Sportswear Giant Thinks Worst is Over