Nike: Revenue in Q2 Exceeds Expectations, Margin Under Pressure!
Reading Time: 4 minutes
Nike surpassed analysts' expectations with a revenue of $12.4 billion in the second quarter but experienced a significant decline in profitability. The stock came under pressure in after-hours trading as rising marketing expenses and a declining gross margin weighed on earnings performance. Against this backdrop, CEO Elliott Hill is driving the strategic realignment of the sportswear manufacturer. Investors are concerned about Nike's structural profitability Operationally, Nike benefited in the reporting quarter from strong demand for running...
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