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Nike Stock Surges 15% on Earnings Beat and Tariff Mitigation Strategy
Nike Stock Surges 15% on Earnings Beat and Tariff Mitigation Strategy
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BTCCSquare news:
Nike shares soared 15% following robust quarterly results and a detailed plan to offset $1 billion in projected tariff costs. The athleticwear giant announced supply chain adjustments, factory partnerships, and selective price hikes to neutralize trade policy impacts.
China's share of Nike's production will drop from 16% to single digits by mid-2026, with additional cost reductions under consideration. Analysts responded enthusiastically, with HSBC's Erwan Rambourg upgrading the stock to Buy and raising his price target.
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