Nike Is Still Searching for Its Turnaround As Wall Street Sees Another Tough Year
Nike stock drops to a 52-week low after Q1 revenue missed estimates and the company issued a weak fiscal 2027 sales outlook.
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Why It Matters
Nike sold less stuff than people expected this quarter. The company says it will be slow again next year, so investors are worried.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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