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Nike CEO: Company financials 'can only go up from here'

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As the company executes a turnaround strategy amid a down quarter, Nike CEO Elliott Hill told investors the sportswear brand "can only go up from here.”

Revenue during the company's latest quarter dropped 12% to $11.1 billion. That was the company's worst sales drop in five years.

Hill told investors that it's “time to turn the page” at Nike.

Read more from Quartz.

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