Nike’s worst large cap report of the year—disastrous growth, shrinking margins, and a grim outlook.
https://twitter.com/nextlevelcharts/status/1903051518271713565
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Nike’s 17% plunge today signals worsening consumer spending and shrinking sales projections.
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 …