Nike Stock (NKE) News Today, Dec. 22, 2025: China Slump, Tariffs, and Turnaround Costs Dominate Forecasts After Earnings
Nike shares fell 11% to $58.71 on Dec. 19 after the company warned of continued margin pressure and a weak holiday-quarter outlook, despite beating revenue estimates. Fiscal Q2 revenue rose 1% to $12.4 billion, but net income dropped 32%. Sales in China fell 17%, while North America rose 9%. Nike expects further margin declines in the current quarter.