What's next for Nike after a 15% post-earnings drop?

2026-04-16 15:14:49 ET

Nike ( NKE ) shares experienced a sharp 15% decline following the release of its Q3 earnings report, despite the company beating top- and bottom-line estimates. Investors reacted negatively to forward guidance that predicts a 2% to 4% sales decline in fiscal Q4 and continued weakness in the critical China market, where revenue is forecasted to drop by 20%. At constant currency, revenues were down approximately 3% year-over-year, with particular weakness across EMEA and China. ...

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