Nike shares tumble after surprise sales drop forecast

Nike warned that sales would decline in the current quarter amid ongoing weakness in China and continued pressure at the Converse brand.

The company said revenue is expected to decline in the low-single digits in the three months that began Dec. 1, marking a setback after two consecutive quarters of growth.

NKE down 10% before opening.

30 comments

Invest & Retire Community

skool.com/invest-retire-community-1699

Investment & Retirement Strategies for busy full-time professionals. Long-term investing & Monthly Passive income ideas.

Leaderboard (30-day)

+270

+148

+142

+124

+118