🔴 Nike is trading 9% down in pre-market after revenue miss and weak fiscal 2027 outlook

Nike is trading at $32.01, a -8.82% move, after its fiscal first-quarter results and outlook disappointed investors.

• Revenue was $11.21 billion, below expectations; management forecast a high-single-digit revenue decline for fiscal 2027.
• Greater China revenue fell 26%, and EMEA was also weak, despite growth in North America.
• Jordan Brand declined by a mid-teens percentage, adding to concerns.