JD Sports shares fell 2.3% following Nike's quarterly report showing flat revenue and a weak sales outlook due to tariff risks, Middle East disruptions, and low consumer confidence. Nike's revenue was $11 billion, the lowest since early 2022, with significant declines in China and global sportswear sales. Despite a tariff refund boosting margins, Nike expects revenue to decline in the coming quarters, signaling continued pressure on consumer demand. Analysts see downside risks for JD Sports but consider it undervalued given its strong market position.

More News (JD)

JD.com faces securities fraud investigation after China's false advertising probe impacts stock price

Pomerantz LLP is investigating JD.com for potential securities fraud following a report that China's market regulator questioned the company over false advertising during the '618' shopping festival. This news caused JD.com's ADR price to drop by 1.3...

Market News

Bearish

17 hours ago

JD Sports shares drop 2.3% after Nike warns of weaker sales and cautious outlook.

More News (JD)

JD.com faces securities fraud investigation after China's false advertising probe impacts stock price

Invest & Trade with
#1 Award-Winning Investment Super App

Invest

Features

Fees

Learn

Investment Clubs (Coming Soon)

Support

iOS App Store

Google Play Store

JD Sports shares drop 2.3% after Nike warns of weaker sales and cautious outlook.

More News (JD)

JD.com faces securities fraud investigation after China's false advertising probe impacts stock price

Invest & Trade with#1 Award-Winning Investment Super App

iOS App Store

Google Play Store

Invest & Trade with
#1 Award-Winning Investment Super App