How Is NIKE's Stock Performance Compared to Other Consumer Staples Stocks?

Core Insights - NIKE, Inc. is a leading player in the athletic footwear and apparel industry, with a market capitalization of $94.1 billion, showcasing its size and influence [1][2] - The company has experienced a significant decline in stock performance, with a 22% drop from its 52-week high and an 18.2% decrease over the past three months [3][4] Company Performance - NIKE's stock has fallen 15% year-to-date and 17.1% over the past 52 weeks, underperforming the Consumer Staples Select Sector SPDR Fund [4] - The company reported Q1 results with an EPS of $0.49, exceeding expectations of $0.27, and revenue of $11.7 billion, surpassing forecasts of $11 billion [6] Market Challenges - The imposition of tariffs by the U.S. has increased NIKE's costs by approximately $1 billion, leading to anticipated rises in footwear costs [5] - To mitigate cost impacts, NIKE plans to reduce shipments sourced from China to high single-digits by fiscal 2026 [5]