Nike’s recent financial results reveal a significant downturn, with footwear revenue declining approximately 12% year-over-year in the latest quarter and total revenue falling 9% to $11.27 billion. This decline affected all Nike Brand and Converse geographies, marking a notable setback for the company. The poor performance is particularly striking given Nike’s consistent revenue growth over the past decade, with North American footwear revenue alone reaching $12.23 billion in 2022. This sharp contrast to historical trends indicates substantial challenges in Nike’s core business segments and underscores the severity of the company’s current financial situation
Discover how we can elevate your portfolio and deliver exceptional growth. NEW Monthly Payout Of At Least 0.5% In US Dollars
AlgoTrader 