Nike: cost cutting and flat quarterly revenues
07/04/2026
Nike has reported flat third-quarter revenues of $11.3 billion, with declines in Europe and China partially offset by growth in North America.
Revenues for Converse were $264 million, down 35%.
Operating overhead expense was up 3% at $2.9 billion, due to employee severance costs and changes in exchange rates. Tariffs also hit profits.