Nike launched Caitlin Clark's signature collection worldwide on October 1, the same day it reported quarterly earnings. The line includes the Caitlin 1 shoe, priced at $140 for adults with kids' versions at $105 to $115, plus an 18-piece apparel collection. On the earnings side, EPS came in at $0.48, above the $0.43 estimate, but revenue declined 4%, and for the full fiscal year Nike expects revenue to decline by a high single-digit percentage with adjusted EPS between $1.15 and $1.35. The stock trades at a forward P/E of about 21.0x, roughly 28% below its recent historical average of 32.97x, while EPS is forecast to drop 14.38% this fiscal year before recovering. Hedge fund ownership of Nike slipped from 71 funds at the end of Q1 2026 to 56 funds at the end of Q2 2026, and short interest remained high at 8.98% of float as of September 15, 2026.
Nike IncNike reported 4% revenue decline and weak full-year guidance with adjusted EPS of $1.15-$1.35.
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