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Nike Revenue Decline and 80% Drop from Peak

The Motley Fool +1 ·

NKE Nike Inc
$35.33 -0.06%
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  1. 1As of October 12, Nike consumer discretionary stock price recorded an 80% decline from its peak.
  2. 2Nike revenue (top line) for the recent fiscal quarter (Q1 FY2027) showed a 4% decrease compared to the same period last year.
  3. 3Nike recorded $11.2 billion in revenue for the recent fiscal quarter (Q1 FY2027).

So what's the key point?

Nike's sales decreased by 4 percent compared to last year. The stock price has fallen 80 percent from its highest point, creating a difficult situation.

Source The Motley Fool +1 · View original ↗

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