Nike is intensifying its turnaround efforts as weakness in China and a cautious revenue outlook put pressure on its shares. Investors are closely watching the company’s recovery strategy, sales performance and prospects for renewed growth.
Nike reported fiscal 2027 first-quarter results and announced further steps to reshape its business as weakness in Greater China continued to weigh on its turnaround. The company said it is repositioning Nike Sportswear, Jordan Brand and Greater China while introducing a new operating model called Pace. Reuters reported Greater China sales fell 26%, while Nike forecast a high-single-digit full-year revenue decline and announced additional job cuts. The weaker outlook pushed shares sharply lower after the results despite progress in gross MarginThe amount your broker sets aside as collateral to open and hold a leveraged position. It is not a fee and it is not your risk limit.Read More and cost control.
