Further Sell-off of 8.7% After the Numbers! Why Nike Stock Simply Cannot Find a Bottom!

Revenue Decline: The corporate revenue fell by 4% to $11.21 billion, missing market expectations of $11.32 billion. Margin Glimmer: The gross margin improved by 60 basis points to 42.8% due to lower logistics costs. Muted Outlook: For the full year 2027, Nike expects a high single-digit percentage revenue decline. The sporting goods giant Nike (NKE) is undergoing its toughest restructuring phase in years. Following the release of the first quarter numbers for the 2027 fiscal year, the stock plummeted by another 8.7% in after-hours trading...