Nike shares fall 1.4% after 3Q earnings report

Nike shares fell 1.4% in after-hours trading following the release of its fiscal third-quarter 2026 earnings report on March 30, 2026 according to National Today. The stock, already trading near a nine-year low of $51.20 earlier in the week as reported by Yahoo Finance, continued to decline as investors digested the results. Analysts had expected earnings per share of 28 cents, a 46% drop from the same period in 2025 according to National Today, and revenue of $11.23 billion, a slight decline from $11.27 billion a year ago according to Benzinga.

The report comes amid ongoing challenges for the company, including declining sales in China and increased competition in North America according to National Today. While Nike has shown some progress in its home market, analysts remain cautious about its long-term prospects. BTIG analyst Robert Drbul noted that "management is building momentum for the company, but there remains work to be done" according to Yahoo Finance.

Options traders had priced in a potential 8% move in the stock following the report, but the actual decline was more modest according to National Today. The stock's continued slide has raised concerns about its ability to break out of a multi-year downtrend according to Benzinga. With shares down nearly 20% year-to-date, investors will be closely watching Nike's commentary on China, tariffs, and cost-cutting measures in the coming weeks according to National Today.