Nike's Earnings: Tariffs & China Sales Drag

Nikes latest earnings report reveals significant challenges, including a thirty-two percent drop in net income and a decrease in gross margins due to tariffs. Sales in China, a major concern, fell by seventeen percent. Nike anticipates continued pressure on revenue and profit margins, but remains optimistic about a long-term recovery.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.