Nike CFO predicts Q4 revenue slowdown due to inventory clearance, shares drop over 5% after hours

From StockTwits: 2025-03-20 23:00:00

Nike, Inc. (NKE) CFO Matthew Friend anticipates revenue to slow in Q4 due to inventory clearance, causing shares to drop over 5% in after-hours trading. Revenue in ongoing quarter expected to decline in mid-teens percentage range, worse than consensus estimate. Company realigning after recent struggles, with CEO focusing on core sports audience. Strong consumer response to new shoe launches boosted Q3 sales and profit, beating expectations. Concerns linger over Nike’s China business performance. Stocktwits users debate share drop as overall market sentiment remains cautious. Nike shares end at $71.86, near 52-week low.



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