<div id="readability-page-1">Stock hits 12-year low: Nike shares have fallen to around $42, down roughly $20 per share this year, marking their weakest point since 2015. China sales slump: Management forecasts a 20% year-over-year sales decline in Greater China, a market once key to Nike's growth strategy. Margins under pressure: Q3 net income margin dropped to 4.6% from 7% last year, as rising costs, tariffs, and weaker pricing power hit profitability.</div>

CHIQ

<p>Nike's stock has plummeted to a 12-year low of approximately $42, down $20 this year. The company anticipates a 20% decline in sales in Greater China, a crucial market for growth. Additionally, Q3 net income margin has decreased to 4.6% from 7% last year due to rising costs, tariffs, and diminished pricing power.</p>

Nike stock sinks to 12-year low amid China woes and weak outlook