Nike, Inc. is expected to face significant downside risk in the upcoming quarters, according to UBS.

The company specializes in sports footwear, clothing, and equipment, and sells a diverse range of products under well-known brands such as Nike, Jordan, and Converse. Footwear accounts for 68.6% of net sales, followed by clothing at 27%, and sports equipment at 4.1%.

Nike's products are available through a global network of 1,045 stores, independent distributors, and online platforms. In terms of geographical distribution, North America contributes 41.6% of net sales, followed by Europe/Middle East/Africa at 26.5%, China at 14.7%, and Asia/Pacific and Latin America at 13.1%. The company also reports a small percentage of sales from other regions, totaling 4.1%.