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Nike Reports $790 Million Quarterly Loss - Endurance Sportswire
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Nike Reports $790 Million Quarterly Loss

June 25, 2020

Nike Inc. reported a loss of $790 million, or 51 cents a share, in the fourth quarter ended May 31, driven by lower revenue and gross margin as a result of the COVID-19 impact on operations. Sales decreased 38% to $6.3 billion. Read more on SGB Online.


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