This has hurt profit margins. Nonetheless a turnaround is expected in early 2027 to mid 2027 once the backlog clears.
Wall Street Analysts are currently cautious about $Nike(NKE)$ with a Hold rating.
While it recently beat earnings expectations due to a massive one time USD 986 million tariff refund, its overall sales are dropping especially in China where revenue just fell 12%.
However Nike's massive USD 9 billion cash reserve gives it plenty of financial muscle to successfully redesign its products and bounce back by 2027.
@Tiger_comments @TigerStars @Tiger_SG
Modify on 2026-07-12 10:10
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