Nike's Stock Plummets, Investors Wait for Turnaround

Nikes stock plummets as Q3 earnings drop by 35%, despite a slight uptick in North American revenue. Running shoes surge, but overall sales dip, and products linger on shelves. CEO Hill admits new gear wont hit until spring 2027, potentially prolonging revenue and profit flatlines. Investors are cautious, with the stock trading at 24x next years earnings. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/da1becb76e9eab2a

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