Nike Turnaround Falters As UBS Says There's "No Reason To Buy" Stock
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Source: Zero Hedge
Published: 2026-07-01 22:05 UTC+10:00
Section: General
Factuality Score: 90
Opinion Category: Neutral
Topics: Business, Economy & Finance, Financial Markets, Business & Economy
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Snippet:
Nike shares fell 3% in premarket trading after the struggling athletic apparel giant warned on its earnings call that revenue declines over the next two quarters will be worse than previously expected, underscoring that there is still no immediate turnaround to halt a multi-year bear market that has driven the stock to decade lows.
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