Nike Plunges 11% As Tariffs, China Woes Cloud Outlook: Q3 Margins To Contract Amid Warning Of 'Longer Road' To Recovery - Nike (NYSE:NKE)

Nike Inc. (NYSE:NKE) shares plummeted nearly 11% in after-hours trading on Thursday, as management issued a cautious outlook defined by shrinking margins and deepening struggles in China during the second-quarter earnings call.Check out NKE’s stock price here.Tariffs And Guidance Weigh On MarginsDespite reporting revenue of $12.43 billion—topping analyst estimates—the sportswear giant warned that its recovery remains fragile, with executives emphasizing that the “comeback continues to move at different spee ...