Nike Issues Sales Decline Warning as Q1 Revenue Falls 4% to $11.2B
Nike warned that sales declines are expected to deepen in the current fiscal year, with Q1 revenue reaching $11.2 billion, down 4% year-over-year. The company projects high-single-digit percentage revenue declines for the full fiscal year.
Nike is implementing a geographic restructuring plan
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GateNews·10-01 21:28
