Nike reported a poor fiscal year ending May 2025, with revenues down 10% to $46.3 billion and net income down 44% to $3.2 billion. The last quarter was particularly bad, with a 12% revenue drop and an 86% decline in net income. CEO Elliott Hill acknowledged the company's struggles and outlined a strategy to reduce production in China due to high tariffs. Analysts expect continued declines in sales and margins but noted a slight positive shift in investor sentiment. Teljes cikk (Euronews.com)