29
Jun
In December, the company announced a cost-cutting initiative that included simplifying its assortment of products and cutting jobs.The aim was to deliver up to $2 billion in savings over the next three years, which "will be invested to fuel future growth, accelerate innovation at speed and scale, and drive greater long-term profitability."Two quarters on, investors aren't seeing much of that growth.On Thursday, Nike delivered a lackluster set of Q4 results and said it expects sales for its 2025 fiscal year to fall by mid-single digits, including a 10% drop in the first quarter alone. That shocked investors, especially as analysts…