Nike's (NKE) First Quarter Revenue Drops 10%, Profits Also Decline

Oct 05, 2024

Nike Inc. (NKE, Financial) reported its financial results for the first quarter of fiscal year 2025, ending on August 31, 2024. The company experienced a 10% year-over-year decrease in revenue, totaling $11.589 billion. Additionally, net profit fell by 28% to $1.051 billion.

Revenue from the Greater China region reached $1.666 billion, marking a 4% decline compared to the previous year.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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