Nike's Earnings Are a Disaster. Run -- Don't Walk -- Away From This Stock.
Don't bank on a Nike comeback. Both its quarterly results and guidance were terrible.
Overview
Nike (NYSE: NKE) was once viewed as a blue chip dividend stock, but it's a tremendous case study on how relatively "safe" stocks can become riskier than growth stocks. The stock has fallen roughly 80% over the past five years, and its latest earnings report didn't paint a pleasant picture for the future.
Declining revenue, a weakening presence in China, and a narrow margin for the dividend were some of the concerns that came out of Nike's fiscal 2027 first quarter. Here's what investors should know.
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Originally published at www.fool.com.
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