Nike Shares Drop Amid China Sales Decline and Earnings Challenges
TL;DR Summary
Nike's shares dropped about 11% after revealing a slowdown in China and margin pressures from tariffs, despite beating Wall Street earnings estimates; revenue growth was mainly driven by North America, while China sales declined significantly, raising concerns about the company's recovery prospects in the region.
- Nike Shares Tumble After Earnings. China Weakness Is the Bigger Worry Yahoo Finance
- Nike’s Struggles Continue, but Turnaround Plan May Be Working The New York Times
- Nike Stock Tumbles After Earnings Beat. ‘Just Buy It,’ Analyst Says. Barron's
- Nike shares drop 10% as China sales plunge, tariffs hit profits CNBC
- Nike Sinks After China Sales Plunge, Delaying Turnaround Yahoo Finance
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