Nike (NKE) Shares Drop Over 8% After Q1 Revenue Decline

Core Viewpoint - Nike experienced a significant decline in stock price, dropping over 8% to $81.77 per share, following a disappointing first-quarter revenue report [1] Financial Performance - The company's first-quarter revenue fell by approximately 10% compared to the same period last year [1] - Due to the revenue decline, Nike will retract its full-year performance outlook [1] Corporate Actions - Nike has decided to postpone its investor day event in light of the recent financial performance [1]