Nike recovery delayed as Converse sales drop 28%
NKE Nike Inc
$37.88 +1.80%
View chart & analysis → - 1Nike's Converse sales fell 28% in the recent quarter
- 2Converse accounts for 2.5% of Nike sales but represented 20% of the last quarter's revenue decline
- 3Converse sales fell by more than half from a 2023 peak of $2.43 billion to $1.17 billion in the last fiscal year
So what's the key point?
Sales for Converse, a shoe brand owned by Nike, have decreased significantly. Although the brand represents a small portion of the company, it accounted for 20% of the total revenue decline.
Source Fortune · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.