Nike Sales Expected to Drop 1% as China Demand Falls 9%: Dec 18 Report

Source: International Business Times

Image from wu yi on Unsplash Nike faces a testing earnings day on Thursday, with analysts predicting second-quarter sales of around $12. 2 billion, a decline of 1% compared to last year. The biggest challenge is expected to come from Greater China, where revenue could fall 9% to approximately $1.