Nike Inc Class B

NKE: XNYS (USA)
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Nike Earnings: Turnaround Stalled, More Restructuring Planned; Shares Under Review

Nike opened fiscal 2027 with a 4% sales decline. Gross margin rose 60 basis points to 42.8% on lower logistics costs, and selling, general, and administrative expenses fell 3% as expense control offset higher sports-related marketing. Shares fell by a high-single-digit rate in postmarket trading.

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