Nike (NKE, Financial) shares declined more than 1.3%, closing at $81.17. The company's financial report for the first quarter of fiscal year 2025, which ended on August 31, 2024, showed revenues of $11.589 billion, marking a 10% decrease compared to the previous year. Net income also fell by 28% to $1.051 billion during the same period.
Revenues from the Greater China region reached $1.666 billion, reflecting a 4% decrease year-over-year.
