Nike Expects To Take $1B Hit From Trump's Tariffs, CFO Says

Core Insights - The Trump administration's tariffs could cost Nike $1 billion if maintained at current levels, representing a significant cost headwind for the company [1] - Nike plans to reduce its reliance on Chinese imports from approximately 16% to a "high single-digit range" by the end of fiscal 2026 through reallocating supply lines [2] - The company is implementing price increases in the U.S. as part of its seasonal planning while also considering corporate cost cuts to mitigate the impact of tariffs [2][3] Financial Performance - Nike reported better-than-expected results for its fiscal fourth quarter, indicating progress in its turnaround plan under CEO Elliott Hill [3] - Following the earnings report, Nike's shares increased by 9% in extended trading, although they were down about 17% for 2025 through Thursday's close [3]