Coin Bureau
Coin Bureau|Sep 01, 2026 21:53
🩸 Nike can't stop the bleeding. NKE is down nearly 40% THIS YEAR and just hit its lowest price since 2014. It reported $46.4 BILLION in revenue for fiscal 2026, a 2% decline. Digital sales crashed 12%, China revenue collapsed 11%, and local brands like On and Hoka are taking over. Profits dropped 35% last quarter, the CFO resigned, and CEO Elliott Hill admitted "the results aren't there yet." Short interest has surged 11x since Hill took over, and JPMorgan downgraded it to Underweight. The stock has lost 78% from its 2021 peak of $177.51, wiping out nearly $200 BILLION in shareholder wealth.(Coin Bureau)
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