Reported 9 months ago
Nike stock dropped 11% in after-hours trading as the company announced expectations of a mid-single-digit revenue decline in 2025, with a projected 10% decrease in the first quarter. Despite exceeding earnings expectations, Nike's fourth-quarter revenue fell 2% from the previous year to $12.61 billion, below analysts' estimates. The company's efforts to boost sales growth amidst a challenging year for the stock have yet to yield significant results, with concerns raised over weakening growth and management patience wearing thin among investors.
Source: YAHOO