Nike Loses $13 Billion Market Cap After Weak EPS Guidance
Nike shed approximately $13 billion in market capitalization over the past week after it issued weak quarterly EPS guidance. This guidance miss reflects continued challenges following five years of stock underperformance and may prompt investors to reassess near-term growth expectations.
1. Weak Quarterly EPS Guidance
Nike issued poor quarterly EPS guidance, signaling ongoing challenges in profitability and consumer demand.
2. $13 Billion Market Cap Decline
Investors sold off shares, erasing close to $13 billion in market capitalization within a week and highlighting waning confidence.
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