https://www.live-feeds.com/feed/nike-stock-sinks-as-revenue-misses-estimates-expects-to-cut-jobsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/nike-stock-sinks-as-revenue-misses-estimates-expects-to-cut-jobshttps://www.live-feeds.com/feed/nike-stock-sinks-as-revenue-misses-estimates-expects-to-cut-jobs#u98562Sun, 04 Oct 2026 11:20:08 +0000Nike shares tumbled after the athletic footwear and apparel giant posted a fiscal first-quarter revenue miss and announced a sweeping restructuring plan that includes upcoming job cuts. The Beaverton, Oregon-based corporation also trimmed its outlook and projects a sales decline for the year, reflecting deep struggles in its turnaround efforts. While Nike shares sank sharply in early trading following the reports, rival athletic brands Lululemon and On Holding remained flat. The company's efficiency program aims to slash costs and rebalance its long-term health, even as deliberate resets