Nike Inc. has released its financial results for the fiscal year ended May 31, 2025. The company reported a net income of $3.219 billion, a decrease from $5.700 billion in the previous fiscal year. The earnings before interest and taxes $(EBIT)$ for fiscal 2025 stood at an adjusted figure that includes a net interest expense of $107 million and an income tax expense of $666 million. Management has noted that the percent change excluding currency fluctuations is a non-GAAP financial measure, providing insight into the company's underlying business trends without the impact of foreign exchange rate fluctuations. Additionally, Nike's global brand divisions, which include licensing and miscellaneous revenues outside geographic operating segments, continue to contribute to the company's overall revenue. Nike has also highlighted a significant operational update: starting in fiscal 2025, the company has ceased using the non-GAAP financial measure of wholesale equivalent revenues with the ongoing implementation of a new Enterprise Resource Planning Platform. This change does not affect reported revenues or gross margin, and prior year amounts have been recast to align with the fiscal 2025 presentation. The company has not provided specific forward-looking guidance within the document.
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