Noting that Nike's challenges are understood, BMO analyst Simeon Siegel has an "outperform" rating on shares of Nike.

Nike’s revenue is down due to a combination of factors including reduced consumer spending, particularly in key markets like China, inventory issues and competition.

NKE's global reach faces near-term strain from weak demand and cost pressures, but long-term strategy fuels recovery hopes.

Company executives say the sportwear giant will cut its reliance on producing goods in China to ease the impact of US trade policies.

Nike said it's raising prices to offset $1 billion in tariff costs, while it works on diversifying its sourcing and reducing its reliance on China.

Nike (NYSE: NKE) seems to always align with winners. It brought us the iconic "Bo Knows" campaign with two-sport star Bo Jackson; its association with Michael Jordan and the Air Jordan line of ...

Nike's shares jumped at the opening bell Friday after the company said it's shifting some production away from China. But it also warned that tariffs imposed by the Trump administration will cost ...

Nike's shares jumped at the opening bell Friday after the company said it's shifting some production away from China. But it also warned that tariffs imposed by the Trump administration will cost ...

Nike’s shares are rising sharply after saying it plans to shift some of its production away from China ...

Nike’s shares jumped at the opening bell Friday after the company said it’s shifting some production away from China. But it also warned that tariffs imposed by the Trump administration… ...

Nike's shares jumped at the opening bell Friday after the company said it's shifting some production away from China. But it also warned that tariffs imposed by the Trump administration ...