1 Big Reason Nike's Turnaround Is Taking Longer Than Expected
Yahoo Finance ·
Nike ( NKE +2.44% ) desperately wants to get back in shape financially, but its "Win Now" turnaround campaign is being held back for one main reason: China. While the retailer's fourth-quarter results actually beat Wall Street's expectations, revenue in Greater China fell a whopping 17% in the quarter and 13% in fiscal year 2026.
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