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Benzinga

Business

Surbhi Jain

Nike Just Did It—Turned $1.5 Billion Pain Into Performance

NIke NKE Elliott Hill Donald Trump

Nike Headquarters

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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One subscription that gives you access to news from hundreds of sites

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