Nike's Stock Rollercoaster: Sales Beat, Sliding Shares, and Supply Cuts
TL;DR
Nike's stock (NKE) rose after the company reported better-than-expected sales, driven by strong performance in the US and China. However, the company warned investors of a potential sales decline in the first half of its fiscal year as it adjusts its merchandise to better align with consumer preferences.
- Nike Rises After Sales Beat on Unexpected Strength in US, China Bloomberg
- Nike shares slide on lackluster outlook, slowing China sales CNBC
- Nike Stock Falls Despite Earnings Beat as Retailer Issues Weak Sales Guidance Investopedia
- Nike Reverses Lower On Earnings; Outlook Sends Lululemon Down 10% Investor's Business Daily
- Nike cuts supply of Air Force 1, Pegasus sneakers as new shoes launch Business Insider
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