Nike's Turnaround Progress Stalls Due to Persistent Margin Declines
Nike has stabilized its revenue after a period of decline, but its gross margin continues to fall, indicating ongoing challenges in improving profitability. The company's latest quarter showed a gross margin of 40.2%, down 130 basis points year-over-year, and net income also declined sharply. These issues highlight that Nike's turnaround is not yet complete.
Topics: Gross Margin Nike Revenue Stabilization Turnaround Strategy