US Stock Market Move | NIKE, Inc. Class B (NKE.US) drops over 5% as Q1 revenue misses expectations.
NIKE, Inc. Class B (NKE.US) shares hit a one-year low of $31.97.
On Friday, NIKE, Inc. Class B (NKE.US) shares declined, hitting a one-year low of $31.97. As of press time, the stock was down over 5%, trading at $33.255. On the news front, NIKE, Inc. Class B reported first-quarter fiscal 2026 revenue of $11.21 billion, missing the market expectation of $11.33 billion. Meanwhile, earnings per share came in at $0.48, down from $0.49 in the same period last year. The company's gross margin was 42.8%, an improvement from 42.2% in the prior-year period, but overall performance still fell short of investor expectations.
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