Nike: Not So Fast (NYSE:NKE)
1. Nike’s Q2 revenue fell from $13.4B to $12.4B. 2. Sales drop in Nike Direct and wholesale may raise investor concerns.
FAQ
Why Bearish?
The $1B revenue decline signals weakening demand, echoing past earnings misses that led to stock sell-offs.
How important is it?
The significant quarterly drop in revenue likely impacts investor sentiment and price in the near term.
Why Short Term?
Earnings results typically trigger immediate investor reactions and short-run price volatility.