Nike shares jump on strong earnings, signs its turnaround is racing ahead under CEO Hill

Nike shares jump on strong earnings, signs its turnaround is racing ahead under CEO Hill

Nike shares jumped in after-hours trading Tuesday after the sportswear maker’s quarterly results far exceeded Wall Street expectations, signaling that CEO Elliott Hill’s turnaround strategy is gaining momentum. Total revenue in the company’s fiscal 2026 first quarter increased 1% year over year to $11.72 billion, topping Wall Street expectations of about $11 billion, according to…

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