๐ Nike $NKE drops ~8% after hours โ China sales crater 12% despite headline EPS beat
Nike's Q4 2026 results looked fine on the surface (EPS 20ยข vs 13ยข est; revenue $10.97B vs $10.86B est), but a nearly $1B tariff refund padded the numbers. Underneath, Greater China revenue slid 12% to $1.30B, and CFO Matthew Friend warned conditions there won't recover through at least the first half of fiscal 2027. CEO Elliott Hill says Nike is committed to winning China back, but investors aren't buying it yet. Not financial advice. Is the China weakness structural or fixable?
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