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Nike is cratering on earnings while rivals Lululemon and On Holding barely flinch, raising a pointed question about whether the sportswear giant is fighting a problem unique to itself or simply the first to feel an industry-wide reckoning.
Nike (NYSE:NKE) is taking a company-specific hit to its turnaround story, while the rest of athletic apparel holds largely steady. Shares of Nike are down 8% to $32.34 in morning trading after fiscal 2027 first-quarter results showed a revenue miss, a weak outlook and job cuts. Nike stock was already trading near its…
Nike Inc (NYSE:NKE, XETRA:NKE) forecast fiscal 2027 adjusted earnings well below Wall Street expectations on Thursday, sending its shares down 5.8% after...