NIKE, Inc. Reports Fiscal 2025 Third Quarter Results

About this update from Nike, Inc.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1423,"height":511,"url":"https://media.zenfs.com/en/business-wire.com/eaa4c06d952695c3be288615d6d342ce"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/3bYequxOk13MFaqAaTOfLA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM0NTtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/eaa4c06d952695c3be288615d6d342ce","width":960,"height":345},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/CWTOdpwRlb_QU9QuShpczA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD04NjI7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/eaa4c06d952695c3be288615d6d342ce","width":1200,"height":431}},"lazy":false},{"type":"text","content":"BEAVERTON, Ore., March 20, 2025--(BUSINESS WIRE)--NIKE, Inc. (NYSE:NKE) today reported fiscal 2025 financial results for its third quarter ended February 28, 2025.","length":163,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Third quarter revenues were $11.3 billion, down 9 percent on a reported basis compared to the prior year and down 7 percent on a currency-neutral basis*","length":152,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"NIKE Direct revenues were $4.7 billion, down 12 percent on a reported basis and down 10 percent on a currency-neutral basis","length":123,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Wholesale revenues were $6.2 billion, down 7 percent on a reported basis and down 4 percent on a currency-neutral basis","length":119,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross margin decreased 330 basis points to 41.5 percent","length":55,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Diluted earnings per share was $0.54","length":36,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":485,"olType":false},{"type":"text","content":""The progress we made against the 'Win Now' strategic priorities we committed to 90 days ago reinforces my confidence that we are on the right path," said Elliott Hill, President and CEO, NIKE, Inc. "What's encouraging is NIKE made an impact this quarter leading with sport – through athlete storytelling, performance products and big sport moments."","length":382,"tagName":"p"},{"type":"text","content":"&q...

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