Fri, 27 Jun 2025 10:40:03 GMT
Nike quarter earnings
Nike reported a challenging fiscal year, with full-year revenue down 10% to $46.3 billion and Q4 revenue down 12% to $11.1 billion. Direct sales dropped 14% in Q4, mainly due to a 26% decline in digital sales. Wholesale revenue also fell 9%, and Converse brand sales were down 26%.
Gross margin declined to 40.3% in Q4, driven by higher discounts