👟 Nike's stock just hit its lowest level since September 2024 📉
Down over 4% to below $40, and now sitting ~78% off its 2021 all-time high — this slide is far from over 😬
What's dragging Nike down?
📍 Q4 revenue fell to $11.0B (down 4% currency-neutral)
📍 EPS "growth" was inflated by a one-time tariff benefit
📍 Flat earnings expected for the next 3 quarters
📍 Fierce competition from rising brands like On Holding ($ONON)
Even legend LeBron James is weighing in, urging Nike to "get back to the roots" and reconnect with its communities 🏀🔥
Wall Street's still mostly bullish… but the numbers keep saying otherwise 🤔
Can Nike turn things around, or is this swoosh stuck in a slump? 👇
#Nike #NKE #StockMarket #Investing #Retail
Down over 4% to below $40, and now sitting ~78% off its 2021 all-time high — this slide is far from over 😬
What's dragging Nike down?
📍 Q4 revenue fell to $11.0B (down 4% currency-neutral)
📍 EPS "growth" was inflated by a one-time tariff benefit
📍 Flat earnings expected for the next 3 quarters
📍 Fierce competition from rising brands like On Holding ($ONON)
Even legend LeBron James is weighing in, urging Nike to "get back to the roots" and reconnect with its communities 🏀🔥
Wall Street's still mostly bullish… but the numbers keep saying otherwise 🤔
Can Nike turn things around, or is this swoosh stuck in a slump? 👇
#Nike #NKE #StockMarket #Investing #Retail
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