Nike had what looked like a decent earnings report on paper. Then came the guidance, and everything fell apart. The athletic apparel giant released its fiscal third quarter 2026 results after the market closed on March 31, beating Wall Street’s expectations on both earnings and revenue. But what followed during the earnings call a sobering…
athletic apparel
Nike stock falls hard as damaging hurdles crush sales outlook
Despite posting better-than-expected earnings for its fiscal third quarter, Nike finds itself in a familiar uncomfortable position investors are worried, and the stock is taking a serious hit. Shares of the athletic apparel company dropped nearly 9% in extended trading on Tuesday after the brand revealed a revenue forecast that left Wall Street disappointed. Rather…