BREAKING: Nike stock, $NKE, is now down over 17% today after projecting a 10% decline in revenue for the current quarter.
Nike now expects 2025 sales to fall mid-single digits, compared to estimates of a 0.9% increase.
It also saw traffic in China decline across all channels… pic.twitter.com/k3ALg2s9a0
— The Kobeissi Letter (@KobeissiLetter) June 28, 2024
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