Nike Inc (NYSE:NKE) just proved it still knows how to make the right moves. The sportswear giant thumped Wall Street’s expectations, flipping a $1.5 billion tariff drag into proof that its turnaround is working. Investors cheered, sending shares up during Thursday trading — evidence that a turnaround story can outweigh a headline-grabbing hit from tariffs.
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Tariffs Take A Shot, Nike Still Scores
The company warned that Donald Trump-era tariffs are costing it around $1.5 billion annually, a 50% jump from earlier forecasts, mainly due to Vietnam-made footwear now facing a 20% …