Stock Movers: Nike, FedEx, and KB Home Earnings Impact

Nike's Sales Warning

• 📉 Nike (NKE) shares are down approximately 9% following a warning that sales will decline this quarter.
• 🇨🇳 The decline is attributed to persistent weakness in China and a slowdown in its Converse brand.
• 📊 Sales for the Converse brand plunged 30% in the latest quarter, with China sales down about 17%.

FedEx's Mixed Outlook

• 📦 FedEx (FDX) shares are down more than 1%, despite raising the low end of its profit outlook and reporting earnings that topped expectations.
• 📈 Gains in US volume and pricing helped the earnings report.
• ✈️ However, the company is facing cost headwinds, including the grounding of its MD-11 planes, which is weighing on sentiment.
• 📊 FedEx shares are up about 1% year-to-date.

KB Home Misses Expectations

• 🏡 KB Home (KBH) shares have fallen more than 8% after posting fourth-quarter profit that missed analysts' estimates.
• 💰 The midpoint of the outlook range for fiscal 2026 housing revenue also fell short of expectations.
• 📉 The stock is down about 12% for the year, reflecting a locked housing market, high interest rates, and pressures from tariffs and material costs.