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Nike on Thursday said it plans to cut costs by about $2 billion over the next three years and forecasted a "softer" revenue outlook for the second half of 2024. ....
Nike Inc. reported earnings for the second quarter ended November 30 rose 7 percent and easily topped Wall Street's consensus target. Sales inched up one percent, led by Nike Brand Digital growth of 11 percent, while gross margins improved 280 basis points. ....