Revenue radar: Nike's profits dips ahead of Olympics

Revenue radar: Nike's profits dips ahead of Olympics

Revenue radar: Nike's profits dips ahead of Olympics The sportswear giant Nike has found itself in uncharted territory, with its recent fiscal 2024 earnings report painting a mixed picture of the brand’s performance. While the company managed to eke out a 1% increase in full-year revenues, the fourth quarter saw a 2% decline, signaling mounting challenges that have shaken investor confidence. As Nike grapples with softening demand, inventory woes, and intensifying competition, the road ahead appears rocky, but the brand’s …