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Nike Inc posts negative income results since 2020 as Trump tariffs hit sportswear brands
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Nike Inc posts negative income results since 2020 as Trump tariffs hit sportswear brands
With the big sportswear brands having now released their latest quarterly financial results, SportsPro rounds up the key numbers and highlights. Nike Revenue: Down 12% to US$11.1bnNet income: Down 86% to US$211m The net income for the period was Nike’s lowest since the fourth quarter of its 2020 financial year. The company also announced its full-year results, with revenue down ten per cent to US$46.3 billion and net income down 44 per cent to U…
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