nike’s

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 traffic in China decline across all channels… pic.twitter.com/k3ALg2s9a0 — The Kobeissi Letter (@KobeissiLetter) June 28, …

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