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Nike forecasts Q4 revenue below estimates
Gulf Today
|March 23, 2025
OREGON: Nike forecast asteeper drop in fourth quarter revenue than analysts had expected, striking a cautious tone as it works to rekindle interest among consumers who have defected to trendier rivals.
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Chief Financial Officer Matthew Friend said he expects fourth-quarter revenue to decline in the mid-teens percentage range. That would exceed analyst expectations for a 12.22 percent decline to $11.07 billion, according to data compiled by LSEG.
Earlier, Nike reported third-quarter results that beat expectations on a promising consumer response to new shoe launches like the Pegasus Pro and Vomero 8. Revenue in China, though, was down 17 percent, which worried investors.
Diese Geschichte stammt aus der March 23, 2025-Ausgabe von Gulf Today.
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