Tags: nike | earnings

Nike Posts Smaller-Than-Expected Q2 Fall in Sales

Nike Posts Smaller-Than-Expected Q2 Fall in Sales
(AP)

Thursday, 19 December 2024 04:29 PM EST

Nike posted a smaller-than-expected drop in second-quarter revenue on Thursday, as the embattled sportswear brand's release of newer versions of performance and running shoes drew customers to its stores and website.

The company's second-quarter net revenue fell to $12.35 billion from $13.39 billion a year earlier. Analysts had expected a 9.41% fall to $12.13 billion, according to estimates compiled by LSEG.

© 2025 Thomson/Reuters. All rights reserved.


StreetTalk
Nike posted a smaller-than-expected drop in second-quarter revenue on Thursday, as the embattled sportswear brand's release of newer versions of performance and running shoes drew customers to its stores and website.
nike, earnings
61
2024-29-19
Thursday, 19 December 2024 04:29 PM
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