Nike's Q4 net income of $1.50bn exceeded Wall St expectations despite a 1.7% revenue decrease.

Nike's Q4 net income reached $1.50bn ($0.99 per share), exceeding Wall St expectations, despite a 1.7% quarterly revenue decrease to $12.61bn. The company's full-year profit amounted to $5.7bn ($3.73 per share), with revenue at $51.36bn. Nike's shares dropped due to slow sales growth of 1% for the year ending May 31st. CEO Donahoe stated the company is addressing these challenges head-on.

June 27, 2024
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