Nike shares continue to decline amid sharp drop in China sales and overall revenue decline
NKE Nike Inc
$34.71 -0.09%
View chart & analysis → - 1As of October 7, Nike shares recorded a 1.9% decline this month.
- 2Nike revenue decreased by 4% year-over-year in the first quarter of fiscal year 2027.
- 3Nike China revenue decreased by 26% in the first quarter of fiscal year 2027.
So what's the key point?
Nike shares fell 1.9% this month as sales in China dropped by 26%. The stock price continues to trend downward following the decline in revenue.
Source The Motley Fool +1 · View original ↗
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