Core Viewpoint - Nike's stock dropped over 10% in pre-market trading, closing at $59, following the release of its Q2 FY2026 earnings report, which showed mixed results despite beating some market expectations [1] Financial Performance - Net sales for the second quarter reached $12.43 billion, a 1% year-over-year increase, surpassing market expectations of $12.22 billion [1] - Net profit decreased by 32% to $792 million, with earnings per share at $0.53, exceeding the market forecast of $0.38 [1] - Gross margin declined by 3% to 40.6%, primarily due to increased tariffs in North America [1] Regional Performance - Revenue from the Greater China region fell by 17% year-over-year to $1.7 billion [1] - Earnings before interest and taxes (EBIT) in the Greater China region saw a significant decline of 49% [1]

Let's bring in an analyst who was very skeptical back in the in the Dano days. Senior equity analyst Sam Poser now has a buy rating $100 price target on the stock. Sam, you like what you see.>> I do. I mean, look, I knew this was going to be a lot of work. I And I had expected to hear positive uh things today or last night uh about what was coming in the future and we're seeing the little pieces of it.Um, but you know, it takes a long time to create new product, bring it to market, and they've had little pi ...