Here's our initial take on Nike's (NKE 15.77%) fiscal 2025 fourth-quarter financial report.Key MetricsMetricQ4 FY24Q4 FY25Changevs. ExpectationsRevenue$12.6 billion$11.1 billion-12%BeatEarnings per share (adjusted)$1.01$0.14-86%BeatNIKE Direct revenue$5.1 billion$4.4 billion-14%n/aGross margin44.7%40.3%-4.4 ppn/aA Rough Quarter for NikeNike beat analyst expectations with its fiscal fourth-quarter results, but the bar was low. Total revenue tumbled 12% year over year, and adjusted earnings per share were dow ...