Nike Shares Tumble 18 Percent After Company Lowers Revenue Projections

Revenues in first quarter 2025 are expected to fall by 10 percent, the firm said.
Nike Shares Tumble 18 Percent After Company Lowers Revenue Projections
Nike's headquarters in Beaverton, Ore., in a file photo. Natalie Behring/Getty Images
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Footwear and apparel corporation Nike declared lower projected revenues for fourth quarter 2024, while cutting down revenue expectations for the upcoming year, triggering a crash in stock prices.

Nike’s revenues declined by 2 percent for the fourth quarter ended March 31 compared to a year back, the company said in a June 27 earnings release. Full-year 2024 revenues remained flat.

Naveen Athrappully
Naveen Athrappully
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Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.