๐ Nike's stock just hit its lowest level since September 2024 ๐
Down over 4% to below $40, and now sitting ~78% off its 2021 all-time high โ this slide is far from over ๐ฌ
What's dragging Nike down? ๐ Q4 revenue fell to $11.0B (down 4% currency-neutral) ๐ EPS "growth" was inflated by a one-time tariff benefit ๐ Flat earnings expected for the next 3 quarters ๐ Fierce competition from rising brands like On Holding ($ONON)
Even legend LeBron James is weighing in, urging Nike to "get back to the roots" and reconnect with its communities ๐๐ฅ
Wall Street's still mostly bullishโฆ but the numbers keep saying otherwise ๐ค
Can Nike turn things around, or is this swoosh stuck in a slump? ๐
