Nike Q1 Revenue Up, Profit Margin Down Due to Rising Costs, Inventory Issues

Nike, Inc. reported revenue of $12.7 billion for the quarter ending August 31, 2022 (up 4 percent on a year-over-year basis), with President and CEO John Donahoe citing “the depth and breadth of NIKE’s global portfolio” as enabling the sportswear titan to …
Nike Q1 Revenue Up, Profit Margin Down Due to Rising Costs, Inventory Issues