_nike-expects-revenue-dip-in-first-half-of-2025-as-it-slashes-production-of-classic-shoe-franchises.jpg "Nike Expects Revenue Dip in First Half of 2025 as it Slashes Production of Classic Shoe Franchises from sesame street 2025 Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:42
👁 View: 2.5M times
✓ Published: 23-Mar-2024
👁 View: 2.5M times
✓ Published: 23-Mar-2024
Description:
Nike warned its revenue in the first half of fiscal 2025 will decline by a low single-digit percentage as it scales back production of some classic shoe franchises to cut costs. On a post-earnings call, Nike's CFO said the company is reducing orders for shoes like the Air Force 1 and Pegasus Running as it shifts focus to upcoming launches. Newer brands like On and Hoka have been gaining market share by offering innovative performance shoes that appeal to customers. Nike's Q3 revenue rose 0.3% to $12.43 billion, beating estimates. The company maintained its fiscal 2024 revenue growth forecast of 1%.
Nike warned its revenue in the first half of fiscal 2025 will decline by a low single-digit percentage as it scales back production of some classic shoe franchises to cut costs. On a post-earnings call, Nike's CFO said the company is reducing orders for shoes like the Air Force 1 and Pegasus Running as it shifts focus to upcoming launches. Newer brands like On and Hoka have been gaining market share by offering innovative performance shoes that appeal to customers. Nike's Q3 revenue rose 0.3% to $12.43 billion, beating estimates. The company maintained its fiscal 2024 revenue growth forecast of 1%.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_sesame-songs-home-video-monster-hits-sony-wonder-version.webp "Jeffrey J. Marks")
_all-new-2025-nissan-kicks-revealed-at-barclays.webp "MotorTrend editor Miguel Cortina revels the all new 2025 Nissan Kicks live from the Barclays Center in New York!")
_mecha-builders-make-a-banana-split-124-sesame-street-episodes.webp "Sesame Street")
_sesame-street-episode-1882-1984-telly-and-the-fire-bell.webp "Tiny Dancer")
_cookie-monster-is-a-veggie-monster-124-sesame-street-full-episode-me-am-cookie-monster.webp "Sesame Street")
⏲ 25 minutes 57 seconds 👁 1.2M
_abby-changes-the-seasons-for-elmo-124-sesame-street-full-episode.webp "Sesame Street")
_india-and-pakistan-fans-drumming-for-the-2024-25-summer-of-cricket.webp "Other capital cities have stadiums \")
_sesame-street-episode-2689-1990.webp "Treble Gnocchi")
_sesame-songs-home-video-monster-hits-sony-wonder-version.jpg)
_all-new-2025-nissan-kicks-revealed-at-barclays.jpg)
_mecha-builders-make-a-banana-split-124-sesame-street-episodes.jpg)
_sesame-street-episode-1882-1984-telly-and-the-fire-bell.jpg)
_cookie-monster-is-a-veggie-monster-124-sesame-street-full-episode-me-am-cookie-monster.jpg)
_abby-changes-the-seasons-for-elmo-124-sesame-street-full-episode.jpg)
_india-and-pakistan-fans-drumming-for-the-2024-25-summer-of-cricket.jpg)
_sesame-street-episode-2689-1990.jpg)
![[+]](/images/menu.gif){kind=small}