Nike warns of guidance cut as it posts slowest annual sales gain in 14 years
NKENIKE(NKE) CNBC·2024-06-28 04:32

Nike shoes and logo are seen at a store in Nice, France on May 28, 2024. Nike on Thursday reported its slowest annual sales growth in 14 years, excluding the Covid-19 pandemic, as the sneaker giant warned of "challenges" that led it to cut its current year outlook. "We are driving better balance across our portfolio. While we are encouraged by our progress, our fourth quarter results highlighted challenges that have led us to update our Fiscal '25 outlook," finance chief Matthew Friend said in a news releas ...