Nike earnings beat estimates despite tariff hit and uneven recovery in China, North America

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A Nike logo is displayed at a Nike store on Feb. 5, 2026 in Austin, Texas.

Brandon Bell | Getty Images

Nike topped Wall Street's quarterly earnings and revenue expectations on Tuesday, as growth in its key North America market helped to offset a hit from tariffs and another sales decline in its China business.

What to know about Nike's road ahead in China

Here's how the company did for its fiscal third quarter, compared with estimates from analysts polled by LSEG:

Earnings per share: 35 cents vs. 28 cents expectedRevenue: $11.28 billion vs. $11.24 billion expected

The sneaker giant continues to work through a colossal turnaround under CEO Elliott Hill. About a year and a half into his tenure, Hill has made strides in repairing parts of the business, but has been clear that it'll take time for the entire company to improve given the retailer's scale and complexity. 

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