According to @StockMKTNewz, Nike $NKE reported EPS of $0.49, beating expectations of $0.27. According to @StockMKTNewz, revenue was $11.7 billion, topping expectations of $11.0 billion. According to @StockMKTNewz, the update did not include guidance or segment details and made no mention of crypto markets such as BTC or ETH.

According to @StockMarketNerd, Lululemon's LULU latest conference call highlighted ongoing assortment issues that have persisted for over a year and noted that the new assortment brought in to fix the problem is not working, source: @StockMarketNerd. The author adds that the few product areas performing were understocked and that management is now discussing replacing core franchises kept for too long, drawing a comparison to Nike NKE a year ago, source: @StockMarketNerd. The author concludes leadership appears to lack a clear inventory decision process, signaling merchandising execution uncertainty on the call, source: @StockMarketNerd.

According to The Kobeissi Letter, Nike shares (NKE) have plummeted by 14%, reaching the lowest level since October 2017. This decline is attributed to the recent 46% tariff imposed by the US on Vietnam, where Nike employs over 530,000 workers. This situation poses a significant challenge for Nike, impacting their production costs and potentially affecting their market position.