Nike Stock Plummets 11% After Revenue Warning: Is the Swoosh in Trouble?
Portland, Oregon – Nike’s stock took a significant hit in after-hours trading on Thursday, dropping by as much as 11%. The sportswear giant announced that it anticipates a more substantial decline in revenue for the upcoming year than previously projected. This news comes as a surprise to investors who were initially expecting sales growth in 2025. According to the company, Nike foresees a mid-single-digit decrease in revenue for 2025, with a projected 10% decline in …