KM Financial Solutions | Cowen expects Nike’s sales fall $3.5 bln for May quarter
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Cowen expects Nike’s sales fall $3.5 bln for May quarter

Cowen expects Nike’s sales fall $3.5 bln for May quarter

Nike Inc’s revenue could fall
by a third in the fourth quarter, Cowen estimated, as the
sportswear giant reels from store closures, supply disruptions
and the suspension of this year’s NBA season due to the
coronavirus pandemic.

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