Financial

Nike will aim to recapture mojo with innovation as it lowers FY25 outlook

By 2024-06-28T06:05:00

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Source: Nike

Nike shares tumbled to their lowest level in 636 days to $82.66 in after-hours trading last evening after the company reported a 2 percent drop in Q4 revenues and flat sales in FY24 ended May 31. Ahead of the group’s earnings announcement, which included a downward revision to its FY25 ...

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