https://www.live-feeds.com/feed/nke-stock-slumps-about-9-after-hours-on-a-soft-full-year-forecast-ceo-says-the-fix-will-take-timeContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/nke-stock-slumps-about-9-after-hours-on-a-soft-full-year-forecast-ceo-says-the-fix-will-take-timehttps://www.live-feeds.com/feed/nke-stock-slumps-about-9-after-hours-on-a-soft-full-year-forecast-ceo-says-the-fix-will-take-time#u98713Sun, 04 Oct 2026 12:20:19 +0000Nike shares slumped roughly 9% in after-hours trading on Thursday following a disappointing fiscal 2027 outlook and a newly announced efficiency program that includes job cuts and corporate restructuring. CEO Elliott Hill cautioned that the company turnaround will take time, specifically addressing ongoing pressures within the Nike Sportswear, Jordan Brand, and Greater China segments. For the fiscal first quarter, Nike reported revenue of $11.2 billion, which missed consensus estimates and marked a 4% decline, alongside earnings of $0.48 per share that topped analyst expectations.Why it matter