Why Nike Is Struggling: 4 Key Charts Explained
Nike (NKE) shares fell 2% in premarket trading on Wednesday, extending a year-to-date decline of approximately 40% as the company struggles with weak revenue growth and shifting consumer demand. According to the company’s recent fiscal fourth-quarter report, revenue dropped 1% to $11.0 billion, a figure that falls to a 4% decline when adjusted for currency … Read more