US Stock Movement | Nike (NKE.US) drops over 5% as Q1 revenue misses expectations

Zhito Finance APP has learned that on Friday, Nike (NKE.US) shares moved lower, with the stock price hitting a one-year low of $31.97. As of press time, the stock had fallen more than 5%, to $33.255. On the news front, Nike's revenue in the first quarter of fiscal year 2026 was $11.21 billion, below the market expectation of $11.33 billion. At the same time, earnings per share were $0.48, down from $0.49 in the same period last year. The company's gross margin was 42.8%, an improvement compared with 42.2% in the same period last year, but the overall performance still failed to meet investors' expectations.