Nike’s Revenue in Greater China Decreases by 9% YoY in Fiscal 2022
On June 27, Nike, the U.S. sportswear giant, released key financial data for its fiscal 2022 fourth quarter and full year ended May 31, 2022. Its share price fell nearly 7% the next day and its market value dropped by $12 billion.
The financial report shows that Nike garnered a revenue of $12.2 billion in the fourth quarter, down 1% year-on…
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