$Nike(NKE)$ released an earnings report that didn't make investors too happy and had a less-than-optimistic outlook for the year ahead, which led directly to a sharp drop in the stock price.Earnings ReviewOverall revenue fell short of expectations. For the fiscal fourth quarter through the end of May, Nike's total revenue fell 2 percent to $12.6 billion, especially in its consumer sales business, where revenue fell 8 percent to just $5.1 billion.Net profit fared moderately well, up 45% year-on-year to $1.5 billion.For the entire fiscal year 2024, Nike's revenue of $51.36 billion is essentially the same as last year, making it the slowest year of annual revenue growth for Nike since 2010 (out of the epidemic).Sales by channel, Nike branded sales dec
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