Nike shares fall 44.4% over the past year as company announces operational restructuring
NKE Nike Inc
$37.13 -0.03%
View chart & analysis → - 1Nike guided that revenue for fiscal year 2027 will decline by a high single-digit percentage.
- 2S&P Global Ratings downgraded Nike's credit rating from A+ to A.
- 3Nike closed at $37.13 on October 16, 2026.
So what's the key point?
Nike stated that its future sales are expected to decrease. The company's credit rating has also been lowered, so investors should be cautious.
Source TIKR · View original ↗
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