Nike

Nike reported fiscal 2027 first-quarter revenue that missed analyst estimates and forecast a full-year revenue decline. The company announced a new operating model and plans additional layoffs, with CEO John Donahoe warning of job cuts next year. Shares fell over 8% in pre-market trading and hit their lowest level in 12-13 years. Sales in China also plunged, compounding investor concerns.

5 reports · 2 sources · Updated Oct 2, 08:05 AM UTC

Three investment banks—Barclays, Oppenheimer, and Piper Sandler—have lowered their price targets for Nike Inc. Barclays cut its target from $52 to $48 on September 23. Oppenheimer reduced its target from $60 to $52. Piper Sandler lowered its target from $45 to $38 on September 28. None of the reports provided specific reasons for the downgrades. The revisions reflect bearish adjustments in the banks' valuations of the sportswear giant.

6 reports · 3 sources · Updated Sep 28, 03:21 AM UTC

Topsports International Holdings, China's largest sportswear distributor, saw its stock fall below HK$1 per share, entering penny stock territory, after Nike announced it will terminate Topsports' online sales authorization in China by January 1, 2027. The online business contributed 22% of Topsports' revenue. Topsports relies on Nike and Adidas for over 85% of its revenue. The company is attempting to transition to a brand operator by securing exclusive rights for smaller brands, but analysts say the transformation will take years.

5 reports · 3 sources · Updated Sep 25, 08:24 PM UTC

On Holding AG held an investor day in Zurich on September 22, 2026, unveiling a three-year strategic plan targeting net sales of at least CHF 5.6 billion by 2029, driven by high-teens annual growth. The company announced expansion into football and golf, with football products expected in 2027 following the signing of Kylian Mbappé. The board authorized its first-ever $1 billion share buyback program. On also targets an adjusted EBITDA margin of at least 22% by 2029.

6 reports · 3 sources · Updated Sep 22, 10:35 PM UTC

French footballer Kylian Mbappé has ended his nearly 20-year partnership with Nike to sign with Swiss sportswear brand On, marking On's entry into the football market. The deal, announced on September 18, includes cash and equity, with Mbappé participating in product development. On's first football boots are planned for 2027. On also appointed Thierry Henry as director of football. Analysts view the move as a direct challenge to Nike and Adidas.

6 reports · 5 sources · Updated Sep 20, 04:00 PM UTC

French football star Kylian Mbappé has ended his long-term partnership with Nike and signed a sponsorship deal with Swiss sportswear brand On. On, traditionally known for running shoes, is using the deal to expand into football boots, with Mbappé as the face of the initiative. The partnership includes both cash and equity components, and On's football boots are expected to launch in retail in 2027. Financial terms were not disclosed.

6 reports · 5 sources · Updated Sep 18, 03:35 PM UTC

FC Barcelona’s 2025-26 accounts show total debt set to exceed €2 billion, driven by the unfinished Camp Nou renovation now expected in 2028. Despite becoming the second football club to surpass €1 billion in revenue, the club posted a €17.8 million post-tax loss. Wage bills rose 12% to €573.7 million, and short-term liabilities of €905 million far exceed short-term assets. President Joan Laporta faces ongoing financial strain as the club relies on economic levers and debt refinancing.

5 reports · 2 sources · Updated Sep 12, 10:32 AM UTC