Nike’s North American Sales on the Upswing, But Q2 Results Impacted by China Declines

Shares of Nike Inc. dipped over 4 percent in after-market trading on Thursday despite the company beating earnings estimates and seeing improvement in North America in the second quarter of fiscal 2026. Net income at the Beaverton, Ore.-based company fell 32 percent to $792 million from $1.16 billion in the year-ago period. Diluted earnings per share dropped to 53 cents from 78 cents. Net sales in the period tallied $12.43 billion, up 1 percent from $12.35 billion on a reported basis and flat on a currenc ...