Nike Surges in Q1 Despite Tariffs and China Challenges
Nike's first-quarter results exceeded expectations, driven by strategic realignment of 8,000 employees into focused teams for Nike, Jordan, and Converse brands, and progress in key areas like sportswear and Nike China. Despite a 30.8% drop in net income, revenues increased slightly, and the company is optimistic about future growth, with ongoing initiatives to strengthen its market position.