Nike Stock Falls Over 10% on FY2027 Sales Outlook Miss; Dunk Pullback Cut $200M From Sportswear Sales

thecryptobasic2026-10-02 11:00:28

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Nike Stock Falls Over 10% on FY2027 Sales Outlook Miss; Dunk Pullback Cut $200M From Sportswear Sales

Nike (NYSE: NKE) shares fell 10.25% to $31.55 in premarket trading Friday after the sportswear company reported weaker-than-expected fiscal first-quarter revenue and forecast a much steeper full-year sales decline than Wall Street had expected. The company also disclosed that its planned Dunk pullback reduced Sportswear revenue by roughly $200 million during the quarter.

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