Nike Shares Rise on Optimism Despite Challenging Results
TL;DR Summary
Nike's shares surged over 10% after reporting its worst quarterly earnings in over three years, but investor confidence grew as the company outlined a successful turnaround plan focused on sports product lines and supply chain reorganization, despite challenges from tariffs and reliance on fashion trends.
- Nike shares surge 10% on turnaround hopes despite worst results in years Financial Times
- Nike says tariffs will cost it $1 billion before price increases, supply chain shifts CNBC
- Nike’s outlook wakes up its stock. But execs still see a long road to full recovery. MarketWatch
- Nike’s Sales Fall, But Not as Much as Expected as CEO Touts Progress in Turnaround Plan Investopedia
- Nike’s Earnings Were Ugly. But They’re Better Than Feared. Barron's
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