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Posted by
Two Blokes Jun 26 -
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Stock
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Nike Inc (NYSE:NKE, ETR:NKE) reported a year-over-year decline in revenue and profits for fiscal Q4 as the athletic apparel brand continues to struggle with sluggish demand, inventory and product mix issues, and tariff and cost pressures. For the quarter, revenue was down 12% at $11.1 billion, including a 14% decrease in Nike Direct revenue to $4.4 billion and 9% drop in Wholesale revenue to $6.4 billion.
