Nike Faces 10% Revenue Decline Amid CEO Transition
Nike reported a 10% drop in revenues for the first quarter of fiscal 2025, totaling $11.59 billion, compared to $12.94 billion in the previous year. The results fell slightly below analyst expectations of $11.65 billion. The Nike brand generated $11.1 billion in revenue, marking a 10% year-on-year decline, while Converse...