Nike Stock Slides to Seven-Month Low After Q2 FY2026 Earnings: China Sales Drop, Tariffs Bite, and Converse Weakens
Nike shares sank to a seven‑month low after fiscal Q2 2026 results. China sales fell again, tariffs squeezed margins, and Converse slumped—raising pressure on the turnaround. NEW YORK — December 20, 2025 — Nike’s latest earnings report delivered a familiar, frustrating mix for investors: the top line held up better than feared, but the pieces that power long-term confidence—China momentum, pricing power, and margins—moved in the wrong direction. On Friday, December 19, Nike shares closed down about 11% at $58.71, a seven‑month low and the stock’s biggest one‑day drop since early April’s tariff-driven selloff, according to market coverage and reporting.