Skip to content

Nike Heads for Biggest Quarterly Drop Since 2008

  • Stock slumps 22% this year with inflation and supply concerns
  • Company to report quarterly earnings after market close Monday
Nike Temporarily Halts Sales in Russia Via Its Website, App

Photographer: David Paul Morris/Bloomberg

Updated on

In an industry pressured by soaring inflation, Nike Inc. is suffering more than most as its exposure to the fallout from the war in Ukraine and supply-chain issues put its shares on track for their worst quarter since 2008.

The stock is down 22% this year, double the pace of the 11% decline in the S&P 500 consumer discretionary index, as decades-high inflation hurts shoppers’ sentiment and wallets. The company will report fiscal third-quarter earnings after markets close on Monday.