News

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.

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