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NIKE, Inc. Brands Report Fiscal 2025 Third Quarter sales dip

NIKE, Inc has reported fiscal 2025 financial results for its third quarter ended February 28, 2025. Third quarter revenues were $11.3 billion, down 9 percent on a reported basis compared to the prior year. NIKE Direct revenues were $4.7 billion, down 12 percent on a reported basis. Wholesale revenues were $6.2 billion, down 7 percent on a reported basis Gross margin decreased 330 basis points to 41.5 percent “The progress we made against the ‘Win Now’ strategic priorities…