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Nike CEO says its comeback plan is taking longer than expected, sending shares tumbling more than 8%
Business Insider· 2026-04-01 00:55
Nike's "Win Now" turnaround plan isn't seeing immediate results. The sports giant announced its third-quarter earnings results for fiscal year 2026 on Tuesday, and revenue remained flat at $11.3 billion. Nike shares moved lower after market close, falling more than 8% despite the company delivering better-than-expected results.On the call, CEO Elliott Hill said the company's comeback is taking "longer than I would like," but he and other executives expressed confidence in the approach. So far, running is l ...