Nike stock sinks 5.6% on earnings beat; CEO exit raises red flags

On October 1, Nike (NYSE: NKE) released its Q1 2025 earnings results. The company reported an impressive 34.9% earnings per share (EPS) beat — $0.70 vs consensus estimates of$0.52. However, several key metrics are lagging, and the company is still lagging behind Adidas (ETR: ADS), a key competitor.Revenues were in line with expectations at $11.59 billion compared to estimates of$11.65 billion, but constant currency revenues fell 9% year-on-year (YoY), a stark contrast to Q1 2024, when the decline was just ...