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● LIVE Updated 1h ago Β· 11 sources tracked

Nike stock sinks as revenue misses estimates

Nike's stock fell after the company reported its fiscal first quarter results, missing revenue estimates. The sportswear giant announced operational changes, including job cuts, and restructuring efforts. Nike's stock has dipped to its lowest level in 13 years. The company expects to cut jobs as part of its restructuring plan.

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  • βœ“ Nike's stock fell after missing revenue estimates.
  • βœ“ The company announced operational changes, including job cuts.
  • βœ“ Nike's stock has dipped to its lowest level in 13 years.
  • βœ“ The company expects to cut jobs as part of its restructuring plan.
πŸ›‘οΈ Source Corroboration: 11 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Nike announced new restructuring and layoffs, with its stock dipping to the lowest level in 13 years.

Live updates

  1. Nike stock sinks as revenue misses estimates

    Nike's stock fell after the company reported its fiscal first quarter results, missing revenue estimates. The sportswear giant announced operational changes, including job cuts, and restructuring efforts. Nike's stock has dipped to its lowest level in 13 years. The company expects to cut jobs as part of its restructuring plan.

    Why it matters

    Nike's disappointing quarterly results and restructuring efforts have raised concerns about the company's performance. The sportswear industry has been highly competitive, and Nike's struggles may be a sign of a larger issue. The company's revenue miss and job cuts have impacted investor confidence.

    What is confirmed

    • Nike's stock fell after missing revenue estimates.
    • The company announced operational changes, including job cuts.
    • Nike's stock has dipped to its lowest level in 13 years.
    • The company expects to cut jobs as part of its restructuring plan.

    What to watch next

    • Nike's future quarterly performance
    • Details on the company's restructuring plan
    • Impact of job cuts on Nike's operations
    Sources used for this update (14)
    1. CNBC β€” Nike is set to report earnings after the bell. Here's what to expect
    2. Yahoo Finance β€” Nike stock sinks as revenue misses estimates
    3. Business Wire β€” NIKE, Inc. Reports Fiscal 2027 First Quarter Results
    4. BBC β€” What's gone wrong at Nike? How the world's sportswear giant lost its mojo
    5. OregonLive.com β€” Nike announces new restructuring, layoffs. Stock dips to lowest level in 13 years
    6. stocktwits.com β€” DAL Stock Heads For Red Week: Elon Musk's Feud With Delta Air Lines Over Starlink Intensifies Even As CEO....
    7. contents.premium.naver.com β€” πŸ“¬ λ―Έκ΅­ 주식 데일리 μ’…λͺ© 뢄석 (2026.10.02)
    8. finance.yahoo.com β€” Nike stock sinks as revenue misses estimates - Yahoo Finance
    9. flipboard.com β€” Nike stock sinks as revenue misses estimates, expects to cut jobs
    10. stocktwits.com β€” SpaceX’s Debut Quarter Fails To Lift Off: Short Seller Chanos Flags Starship Forecast Cut β€” But Wall ....
    11. www.cnbc.com β€” Jim Cramer's top 10 things to watch in the stock market Friday
    12. finance.yahoo.com β€” Nike announces $2.5B in cuts after another disappointing quarter
    confidence 100%
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