Nike Just Reported Earnings. Here's What Investors Need to Know. — Live Feedhttps://www.live-feeds.com/feed/nike-just-reported-earnings-here-s-what-investors-need-to-knowContinuously updated, source-cited coverage. Nike Shares Plummet 10% on Weak Revenue Outlook and Layoff Planshttps://www.live-feeds.com/feed/nike-just-reported-earnings-here-s-what-investors-need-to-knowhttps://www.live-feeds.com/feed/nike-just-reported-earnings-here-s-what-investors-need-to-know#u102592Mon, 05 Oct 2026 12:37:37 +0000Nike shares plummeted 10% following a weak revenue outlook and a sweeping restructuring plan that includes job cuts. The athletic footwear and apparel giant reported lower first-quarter revenue and projected a sales decline for the fiscal year. Management is cutting back supply in key categories such as Jordan, sportswear, and China as part of turnaround efforts. The earnings report also dragged down stock prices across the broader sportswear sector, impacting competitors including Lululemon, On, Under Armour, and Hoka maker Deckers Outdoor.Why it mattersThe sportswear giant is struggling to r