Nike's business weakens and stock prices plummet.

Nike fell 8.6% in early trading on Friday. The company reported revenue of $12.43 billion and earnings per share of $0.53 for the second quarter of the 2026 fiscal year, both exceeding expectations. However, the stock price dropped due to a 17% decrease in sales in Greater China and tariff pressures squeezing profit margins; North American market growth was 9%.