Profits fell 35 percent to $520 million while revenues were unchanged at $11.3 billion for the quarter ending March 31. Nike has been plagued in recent years with consumer product mismatches that have left it with excess inventories, leading to profit-reducing price cuts. Revenues in Greater China fell again in Tuesday's batch of results, this time by seven percent. Nike executives cautioned that they would see a rise in inventories in EMEA in the fourth quarter. Shares of Nike sank 9.1 percent in after-hours trading.

Source: Bangladesh Sangbad Sangstha April 01, 2026 06:20 UTC