RE: Nike26 Jun 2025 22:38
Nike Inc. reported on Thursday that its revenues in the fourth quarter of its fiscal 2025 reached $11.09 billion, decreasing by 12% annually, while beating estimates. Net income fell 86% compared to the corresponding period of the year prior to land at $211 million, or $0.14 per diluted share.
For the twelve months ending May 31, the sports goods company's revenue fell 10% to settle at $46.03 billion, and diluted earnings per share (EPS) slumped 42% and came in at $2.16.
"While our financial results are in-line with our expectations, they are not where we want them to be. Moving forward, we expect our business to improve as a result of the progress we're making through our Win Now actions," CEO Eliott Hill commented.
Nike's shares slid 1.17% in after-hours trading after the report's release.