Strength in running and North America helped Nike offset a hit from lower sales in China

Strength in running and North America helped Nike offset a hit from lower sales in China

 Jim WATSON

Nike reported a drop in quarterly profits Thursday, citing a drag from higher US tariffs and continued weakness in China in results that sent shares sharply lower.

The sports giant -- which plans product rollouts around the Olympics, World Cup and other major 2026 events -- stands "in the middle innings of our comeback," said CEO Elliott Hill, who pointed to revenue gains in North America as a strong point.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.