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Nike’s Revenue in Greater China Decreases by 9% YoY in Fiscal 2022
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Nike’s Revenue in Greater China Decreases by 9% YoY in Fiscal 2022

Jul 04, 2022
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Nike’s Revenue in Greater China Decreases by 9% YoY in Fiscal 2022
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Nike’s Revenue in Greater China Decreases by 9% YoY in Fiscal 2022
(Source: Nike)

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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