World's Largest Sportwear Company Nike Shares Down -18% — Biggest Drop Since 2001

The World's Largest Sportwear Company Nike Shares Down -18% — Biggest Drop Since 2001 🤯

Nike cut revenue growth forecasts for 2025 and says it expects a -10% decline in sales for the quarter.

Full year fiscal revenue was up 1% but Q4 was flat.

As well as “macro uncertainty”, Nike is also facing increased competition from new players such as On and HOKA

Plunge.