Nike Stock (NKE) Drops on December 19, 2025 After Earnings: China Pressure, Tariff Costs, and Wall Street Forecasts
Nike shares fell about 10% to $58.89 on December 19 after fiscal Q2 results showed net income down 32% and gross margin dropping to 40.6%. Revenue rose 1% to $12.43 billion, but China sales fell 17% and management warned of further margin declines due to tariffs.