Nike (NKE) Stock Falls 10% After Q2 Earnings Report Shows Margin Pressure

TLDR Nike reported Q2 EPS of $0.53 beating estimates of $0.37, but stock fell 10% in premarket trading Gross margin dropped 300 basis points to 40.6% due to promotional discounting and tariff pressures North America sales rose 9% to $5.6 billion while China revenue crashed 17% to $1.42 billion Company faces $1.5 billion full-year tariff [...]

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