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.
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.
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