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Nike exits S&P 100 after 18 years amid $200B market cap loss

By PulseAugur Editorial · [1 sources] ·

Nike is being removed from the S&P 100 index after nearly two decades due to a significant decline in its market capitalization. The sportswear giant has lost over $200 billion since its peak in late 2021, with its market value dropping by approximately 78%. This exclusion, effective September 21st, follows an 18-year tenure on the index and a 36% market cap decrease in 2026 alone. The company's struggles are attributed to declining revenues, particularly in Greater China, and challenges within its direct-to-consumer business, prompting a strategic shift towards rebuilding wholesale relationships and focusing on performance products under CEO Elliott Hill. AI

RANK_REASON Company removed from a major stock index due to financial performance. [lever_c_demoted from significant: ic=1 ai=0.0]

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Nike exits S&P 100 after 18 years amid $200B market cap loss

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Company removed from a major stock index due to financial performance. [lever_c_demoted from significant: ic=1 ai=0.0]
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Joshua Hong ·

    Nike exits the S&P 100 after 18 years and a $200 billion market-cap wipeout

    The sportswear giant will be replaced by a tech company on Sept. 21, capping a five-year, nearly 80% stock slide driven by China weakness.

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