Nike says what others won’t: Tariffs will hurt margins. The stock heads for a 5-year low. - MarketWatch

1. Nike warns of 400-500 basis point drop in gross margins due to tariffs. 2. Stock fell 6% towards a five-year low, significant drop since March 2020. 3. Analysts project challenges in Greater China, EMEA affecting growth. 4. BofA remains optimistic about future sales and retail partner confidence. 5. Nike's stock down 10.3% in 2025, underperforming the S&P 500.