Nike has COLLAPSED 78% since 2021 while Adidas just posted the best quarter in its history.
Adidas reported record quarterly revenue of €6.7 BILLION, with performance sales up 39% and football revenue surging 74%.
It currently trades at €147.60.
Meanwhile, Nike has been removed from the S&P 100, ending an 18-year run, effective September 21.
The stock fell from $179 to just $38.40.
Over $220 BILLION in Nike market value has been wiped out in under five years while its biggest rival keeps getting stronger.
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