benzinga.com

Nike Shares Fall With Dick’s After Disappointing Q2 Results

Nike logoNike
Sig1.30Sen-3.20Env0.00Soc0.00Gov0.00
Dick's Sporting Goods logoDick's Sporting Goods
Sig3.42Sen-7.45Env0.00Soc0.00Gov0.00

Nike Inc shares are dropping Tuesday in sympathy with Dick’s Sporting Goods after the retailer reported worse-than-expected Q2 results and cut full-year profit expectations. Dick’s cited a more promotional retail landscape and Foot Locker’s exposure to sneaker drops, throwback releases, and older shoe models. Investors are weighing whether similar pressures could affect athletic apparel and footwear, with Nike also trading below key moving averages near its 52-week low.

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