🔴 NKE is trading 13% down today to 9-year lows on margin pressure and digital weakness

NKE is trading at $45.96 (-13%) following a sharp selloff after its Q3 2026 earnings release, hitting a 9-year low.

• Despite beating EPS and revenue estimates, shares fell as gross margins contracted to 40.2% due to tariffs and EPS dropped 35%.
• Investors remain concerned over flat revenue growth and ongoing digital sales weakness, which overshadowed strong results in Greater China.
• The decline reflects a negative reaction to wholesale shifts and cautious guidance, diverging from broader market gains.