Nike Revenue Outlook Weakens: Annual Sales Expected to Decline in High Single Digits
NKE Nike Inc
$34.36 -0.72%
View chart & analysis → - 1Nike's stock price has fallen 77% over the past five years.
- 2Nike announced revenue of $11.2 billion for the first quarter of fiscal year 2027.
- 3Annual revenue is expected to decrease in the high single digits.
So what's the key point?
Nike reported $11.2 billion in revenue for the first quarter, but sales are expected to decrease over the next year. This is not good news for investors, as the stock price has already dropped significantly over the last five years.
Source The Motley Fool +1 · View original ↗
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