Sport & Leisure
Nike posts lowest sales in years as it warns of $1bn tariff hit
Despite the negative results the company’s share price actually rallied more than 10% in after hours trading as the results came in better than analysts expected
Nike has seen fourth quarter revenues fall by 11% to $11.1bn (£8.08bn), its lowest sales figure since Q3 in 2022, as it warned that Trump’s tariffs could cost it an extra $1bn (£730m).
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