Nike (NKE, Financial) shares fell nearly 6% in pre-market trading on Friday after the sportswear giant reported fiscal third-quarter earnings, highlighting ongoing struggles in co

Nike on Thursday (March 20) forecast a steeper drop in fourth-quarter revenue than analysts had expected, striking a cautious tone as it works to rekindle interest among consumers who have defected to trendier rivals.

Sportswear giant Nike has reported a 9% decrease in total revenue to $11.26bn in the third quarter (Q3) of fiscal 2025 (FY25), compared with $12.42bn achieved in the corresponding quarter of the previous year.

For those who want to reference today's press release, you'll find it at investors.nike.com. Leading today's call is Paul Trussell, vice president of corporate finance and treasurer. Now, I'd like to turn the call over to Paul Trussell.