Nike's China revenue and margins decline amid market weakness
NKE
Statements (7)
- Bearish
Nike sales in China were weak
- Bearish
Nike reported sales decline as China weakness persists
- Neutral
Nike revenues increased 1% amid a tough trading environment last October.
- Bearish
Nike faces mounting pressure in its China market
- Bearish
Nike's Greater China revenue dropped 10% in Q3
- Bearish
Nike's 3-year revenue declined 65% year over year
- Bearish
Nike's gross margins fell 130 basis points to 40.2% in Q3