Nike stock fell in after-hours trading on Thursday after the sportswear giant announced a restructuring plan that will lead to layoffs in 2027 and warned that revenue could decline by a high-single-digit percentage in fiscal 2027.
Shares of Nike (NKE) dropped roughly 4% in extended trading after the earnings report. The decline came despite Nike beating analysts’ expectations for quarterly earnings per share. Investors instead faced a weaker revenue result and a cautious outlook for the year ahead.
