Jim Cramer Says His Trust Is Buying NIKE (NKE) Stock

Core Insights - Jim Cramer discussed NIKE, Inc. (NYSE:NKE) following its fiscal first quarter earnings report, highlighting a revenue of $11.72 billion and earnings per share of $0.49, both exceeding analyst expectations of $11 billion and $0.27 respectively [2] Company Performance - NIKE's fiscal first quarter revenue was reported at $11.72 billion, surpassing analyst estimates [2] - Earnings per share for the quarter were $0.49, also beating expectations [2] Market Commentary - Cramer expressed optimism about NIKE's performance, particularly praising the recent earnings call as one of the best of the year, and noted the company's expectation of tariff costs reaching $1.5 billion [2] - Cramer mentioned concerns regarding NIKE's business in China, which saw a decline of almost 10% [2] - The company is actively engaging with wholesalers and has plans to bring back affiliates, which Cramer views positively despite existing inventory challenges [3]