Nike Converse Revenues Fell 18% to $480M, NIKE Direct Revenues Fell 8% to $5.1 Billion, Total Revenues Down 2%
Portfolio Pulse from Benzinga Newsdesk
Nike's Converse revenues fell 18% to $480 million, while NIKE Direct revenues decreased by 8% to $5.1 billion. Overall, total revenues were down by 2%.
June 27, 2024 | 8:18 pm
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Nike reported a significant decline in revenues across its segments. Converse revenues fell 18% to $480 million, NIKE Direct revenues dropped 8% to $5.1 billion, and total revenues were down by 2%.
The decline in revenues across multiple segments indicates potential challenges for Nike, which could negatively impact investor sentiment and the stock price in the short term.
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