Nike, Inc. (NYSE: NKE) on Tuesday reported a lower in gross sales and revenue for the primary quarter of 2025 amid weak demand. Nonetheless, earnings surpassed analysts’ estimates.
First-quarter web revenue got here in at $1.05 billion or $0.70 per share, in comparison with $1.45 billion or $0.94 per share within the corresponding interval of fiscal 2024. The underside line exceeded Wall Road’s forecast.
Revenues decreased to $11.59 billion within the August quarter from $12.90 billion within the prior-year interval. At $4.7 billion, NIKE Direct income decreased 13% year-over-year.