The weak bottom-line performance reflects a 12% decrease in fourth-quarter sales to $11.1 billion. Wholesale revenues were $6.4 billion, down 9% YoY on a reported and currency-neutral basis.
Nike’s CEO Elliott Hill said, “While our financial results are in line with our expectations, they are not where we want them to be. Moving forward, we expect our business to improve as a result of the progress we’re making through our Win Now actions.”



