Here's your summary from Nike Earnings Report | Bloomberg: The Close 6/27/2024 (https://www.youtube.com/watch?v=SxtFFeU-xL8) on the Bloomberg Television channel:

### TLDR:

Nike's earnings report showed a revenue decrease, with a slight beat on EPS, but missed on gross margin. The company is focusing on repositioning to be more competitive.

### Key Points:

1. Nike's revenue was down 1.7% in the quarter, below street estimates.

2. EPS beat expectations, but gross margin was below estimates.

3. Nike is repositioning to be more competitive in the market.

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