Nike Shares Tumble, Outlook Misses Expectations

Nike Inc. shares sank after the sneaker company’s full-year outlook missed expectations. After years of dominance in the sports sector, Nike has stumbled as it failed to churn out new hot-selling footwear products. Bloomberg's Dasha Afanasieva reports.
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[@housnialami4330]

nike is trash quality anyways, I stopped wearing it years ago

[@anthonygordon9483]

nike is good quality. Just terrible inflation. They are trying to pretend as if they are a luxury shoe now and their not. I got some nike flip flops and they are the best I ever had. They refuse to break. But i paid 30 dollars for them. thats the problem. And inflation and interest rates is not helping right now. people are not buying shit they dont need.

[@dougdimmadimsdale9571]

highly depends on the model, some are absolute trash, some are the best sneaker you can buy for the $

[@Racoon_UK]

Exactly.😅

[@pummell14]

ceo is too greedy and the shoes are overproduced and overpriced.

[@dxwallace55]

Bad karma getting rid of Kyrie Irving for gun toting, suspension prone, Ja Morant, especially when Kyrie had the best selling shoe line outside of MJ in history. What sense does it make to get rid of Kyrie but keep Colin Kaepernick signed? Nike made its bed so they gotta lay in it. On that note, congratulations Kyrie Irving on becoming Chief Creative Officer of Anta Footwear, a Chinese, global company. Kyrie actually wrote the terms of his own contract, something Nike would never allow any baller to do.

[@northharriscollege]

I can tell you that the shoes that they are making today are ugly. They lost there cool factor. I don’t see them lasting another five years.

[@samfurman8432]

One good thing they do ware out the big thing can the buyers afford to but any thing above a flip flop.

[@swchan822gmail]

Please just get the pronunciation of Nike right first