🔴 NKE is trading 9.9% down today after weak China sales and margin pressure in Q2 earnings

NKE is trading 9.9% down at $59.11 after Q2 results revealed sharply weaker profitability and China trends, despite beating revenue expectations.

• Net income dropped 32% year-over-year.
• Greater China revenue declined 17% to $1.42 billion.
• Gross margin contracted 3 percentage points to 40.6%, driven largely by higher North American tariffs.