Nike Sinks 8% as Weak Outlook and Layoffs Follow Revenue Miss; Lululemon and On Holding Remain Flat

{
  "signal_id": "47f67e45-8a77-2544-9790-20f5e56a651e",
  "signal_type": "news",
  "signal_subtype": "launches",
  "detected_at": "2026-10-02T13:01:00+00:00",
  "company": {
    "name": "Nike",
    "domain": "nike.com"
  },
  "data": {
    "url": "https://247wallst.com/investing/2026/10/02/nike-sinks-8-as-weak-outlook-and-layoffs-follow-revenue-miss-lululemon-and-on-holding-remain-flat/",
    "title": "Nike Sinks 8% as Weak Outlook and Layoffs Follow Revenue Miss; Lululemon and On Holding Remain Flat - 24/7 Wall St.",
    "excerpt": "Nike (NYSE:NKE | NKE Price Prediction) is taking a company-specific hit to its turnaround story, while the rest of athletic apparel holds largely steady. Shares of Nike are down 8% to $32.34 in morning trading after fiscal 2027 first-quarter results… Market Movers desk. Editor: David Moadel . This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Nike ( NYSE:NKE | NKE Price Prediction ) is taking a company-specific hit to its turnaround story, while the rest of athletic apparel holds largely steady. Shares of Nike are down 8% to $32.34 in morning trading after fiscal 2027 first-quarter results showed a revenue miss, a weak outlook and job cuts. Nike stock was already trading near its 52-week low . Meanwhile, shares of Lululemon ( NASDAQ:LULU ) are nearly unchanged at $95.85. On Holding ( NYSE:ONON ) stock trades at $30.18, also practically unchanged and showing no signs of contagion. The Consumer Discretionary Select Sector SPDR ETF ( NYSEARCA:XLY ) is unchanged at $108.81, showing the damage is confined to Nike. The SPDR S&P 500 ETF Trust ( NYSE ARCA:SPY ) is up 1% to $771.34, so the broad equities market is holding up well. Nike carries a weight of just 1.2% in the XLY sector fund, so the drop barely moves it. Nike’s quarterly revenue came in at $11.21 billion, missing the $11.32 billion...",
    "product": "Pace",
    "summary": "Nike has unveiled 'Pace', an overhaul program targeting $2.5 billion in cumulative savings through fiscal 2031.",
    "planning": false,
    "image_url": "https://247wallst.com/wp-content/uploads/2024/12/shutterstock-1800553183-huge-licensed-scaled.jpg",
    "confidence": 0.9,
    "product_data": {
      "name": "Pace",
      "full_text": "Pace, an overhaul targeting $2.5 billion in cumulative savings",
      "fuzzy_match": false
    },
    "product_tags": [
      "campaigns"
    ],
    "published_at": "2026-10-02T13:01:00Z",
    "article_sentence": "Nike also unveiled Pace, an overhaul targeting $2.5 billion in cumulative savings through fiscal 2031 at a cost of $1 billion in pre-tax charges, mostly employee-related.",
    "amount_normalized": 2500000000
  }
}

curl https://signals.autobound.ai/v1/signals/47f67e45-8a77-2544-9790-20f5e56a651e \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"nike.com","limit":20}'