The Eager Beavertons' revenues in their final fiscal quarter ended May 31 beat expectations but were still down 12% from a year ago to $11,097 million from $12,606 million, and the bottom line dwindled to just $211 million, down 86% from $1,500 million prior. Nike Direct revenues declined 14%, pulled down by a 26% drop from digital, which was partially offset by a +2% owned brick-and-mortar comp. Wholesale dipped 9%. Converse sales were 26% lower at $357 million, with declines in all geographies.

The E.B.s’ CEO Elliott Hill, who has spent the past few months putting the finishing touches on his ... Log in to view full article.