Nike (NKE) Reports Q1, Postpones Investors Day
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NIKE, Inc. Reports Fiscal 2025 First Quarter Results
October 1, 2024 4:15 PM EDTBEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) today reported fiscal 2025 financial results for its first quarter ended August 31, 2024.
First quarter revenues were $11.6 billion, down 10 percent on a reported basis compared to the prior year and down 9 percent on a currency-neutral basis* NIKE Direct revenues were $4.7 billion, down 13 percent on a reported basis and down 12 percent on a currency-neutral basis Wholesale revenues were $6.4 billion, down 8 percent on a reported basis and down 7 percent on a currency-neutral basis Gross margin increased 120 basis points to 45.4... More