Nike (NKE) Shares Drop Over 8% After Q1 Revenue Decline
NIKE(NKE) Gurufocus·2024-10-02 23:10
Nike (NKE, Financial) experienced a significant drop of over 8%, reaching $81.77 per share. This decline followed the company's announcement that its first-quarter revenue fell by approximately 10% compared to the same period last year. As a result, Nike will retract its full-year performance outlook and postpone its investor day event. ...