Financial reporting

Nike eyes “healthy, full price growth” as inventory woes dissipate

By 2023-06-30T07:01:00

Nike-mobile

Having surpassed $51 billion in annual revenues and normalized its inventory level through markdowns and order cancellations, Nike says it’s better positioned than smaller rivals as it commences FY24 with a strategy to grow total revenues by mid-single digits, expand reported gross margin by 140 to 160 basis points despite ...

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