Nike Reports Flat Revenue and Profit Decline, Leading to 16% Stock Drop in April
Nike reported flat revenue and a significant decline in profits in its fiscal third-quarter earnings report, leading to a 16% drop in its stock price in April 2026. The company also reduced its revenue growth forecast and announced job cuts, contributing to the decline despite a broader market recovery. The stock has fallen 75% from its all-time high over the past five years.
Tickers: $NKE
Topics: CEO Change Earnings Report Job Cuts Revenue Decline Stock Performance