Markets
Thursday, 7/2, 12:46 PM
Why Nike Stock Fell About 11% in June
- Nike shares slid roughly 11% in June, weighed down by a late-month earnings report that beat expectations only because of a one-time tariff refund.
- Strip that out, and the picture was familiar: a deepening slump in China, thin margins, and a turnaround that is taking longer than management hoped.