1. syamfx2020

    Nike revenue plunged 38% due to shutdowns, but online sales jumped 75%

    Footwear giant Nike (NYSE: NKE) released its fourth-quarter earnings results on Thursday. The company reported a surprise loss of $790 million due to store closures across North America and other parts of the world and the revenue fell 38% to $6.31 billion in the three-month period ending May 31...