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Nike soars on a production shift away from China, but it warns of a $1 billion tariff hit
Nike’s shares jumped at the opening bell Friday after the company said it’s shifting some production away from China. But it ...
ET Retail5h
Nike soars on production shift away from China, but it warns of USD 1 billion tariff hit
Nike reports a significant shift in production away from China, leading to a surge in stock price. However, the company warns ...
Why Nike stock is soaring despite a looming billion-dollar tariff hit and its CEO saying sales are ‘not up to the Nike standard’
Nike stocks soared Friday, despite a 12% revenue slump in the fourth quarter. CEO Elliott Hill told analysts Thursday he ...
Nike shares jump on improved outlook, shift from China; analysts see recovery
Nike shares jump 10% on upbeat Q1 forecast, efforts to reduce China reliance, and signs of recovery despite ongoing margin ...
Nike forecasts turnaround from dismal Q4 despite tariffs
Nike on Friday is forecasting a rebound from slow sales and profits in the last quarter and despite $1 billion added tariff ...
Al Jazeera on MSN16h
Nike to raise costs as Trump’s tariffs on China bite
Nike joins companies like Walmart, Target and Mattel that have said they will need to raise prices because of tariffs.
Nike sees $1B hit from tariffs
The world's largest shoe company on Thursday said that current tariffs in place could lead to an additional cost increase of about $1B. Nike's ( NYSE: NKE) warning came after it reported FQ4 2025 ...
News Nation on MSN15h
Nike warns ‘surgical’ price increases are coming soon
Nike’s chief financial officer has warned of a “surgical price increase” on products sold in the United States as the company ...
Asianet Newsable on MSN16h
Nike Cuts China Production for U.S. Amid Tariff Pressure – 5 Key Updates
Nike plans big sourcing changes and forecasts a revenue dip, but it’s not all bad news. Here's what the sportswear giant is ...