Nike profit in a year decreased by 16%

Photo: © Cfoto / Global Look Press the Revenue of the American Nike Inc. for the financial 2023 which has come to the end at the end of May, grew by 10%, to $51,2 billion. The net profit during this period decreased by 16%, to $5,1 billion. Such data of Nike presented to reportings, writes newspaper "Kommersant". In the fourth quarter the revenue increased by 5%, to $12,8 billion, and the net profit fell to 28%, to $1 billion Nike also reported about forecasts: company expects the low unambiguous growth of revenue as a percentage in the first quarter against 5,8%, being expected analysts, according to Refinitiv. Not too good results of companies...