Nike slides 9% after issuing soft guidance during its earnings call (NKE:NYSE)

Nike expects FQ4 sales to decline 2%–4%, versus a consensus forecast of +1.9%, and issued soft guidance on its earnings call; the stock fell sharply in postmarket trading. The guidance gap signals weaker-than-expected consumer demand and will likely pressure near-term revenue and sentiment for the retail/athletic apparel sector.

Analysis

Nike expects FQ4 sales to decline 2%–4%, versus a consensus forecast of +1.9%, and issued soft guidance on its earnings call; the stock fell sharply in postmarket trading. The guidance gap signals weaker-than-expected consumer demand and will likely pressure near-term revenue and sentiment for the retail/athletic apparel sector.