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Nike beats earnings on $986 million tariff refund despite China slump

Nike beat earnings estimates thanks to a $986 million tariff refund, offsetting a 12% sales drop in China. This result highlights how legal victories can mask underlying consumer pressure and regional

Nike results top estimates even as China sales drop 12%; retailer expects $986 million tariff refund
CNBC Earnings โ€” 30 June 2026
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Nike posted quarterly earnings and revenue that topped Wall Street expectations, despite another sales decline in its key China market. The company's

Read Full Story at CNBC Earnings โ†’
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