Nike's Sales Drop in China, Despite Strong Q2

Nikes Q2 earnings beat expectations, but weaker China sales and a gloomy outlook for future growth led to a stock drop. Despite a 9% sales surge in North America, a 17% decline in China and a projected revenue decrease in Q3 overshadowed the positive results. Analysts remain cautiously optimistic, with some maintaining a buy rating.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.