Nike reported stronger-than-expected quarterly revenue and earnings, supported by improving demand in North America and a recovery in its wholesale business. However, continued weakness in China and a cautious FY2027 outlook weighed on investor sentiment, overshadowing the earnings beat despite encouraging signs in the company’s turnaround efforts.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.