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Euronews

Doloresz Katanich

Nike expects US tariffs to cost it $1bn and warns of falling sales

NIke United States Elliott Hill China

US sportswear company Nike closed a very poor fiscal year at the end of May 2025, as the industry continues to operate under geopolitical volatility and tariff uncertainty.

Its full-year revenues were down 10% at $46.3 billion (€39.51bn), and its net income came in at $3.2bn (€2.7bn), down by 44% compared to the previous fiscal year ending in May 2024.

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One subscription that gives you access to news from hundreds of sites

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