Nike’s revenue remains flat while net income surges
Inside Retail
JUNE 28, 2024
Nike’s full-year revenue remained flat, with an analyst pointing out that the footwear and apparel brand is losing market share. The company’s annual revenue stood at $51.36 billion while net income rose 12 per cent to $5.7 billion. Nike brand’s revenue slightly rose by 1 per cent to $49.3 billion. Nike’s direct revenue also increased by 1 per cent to $21.5 billion.
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