Nike results top estimates even as China sales drop 12%; retailer expects $986 million tariff refund

Nike reported stronger-than-expected fourth quarter results, but the sneaker giant's recovery remains uneven. According to CNBC, China sales fell twelve percent—a persistent drag on the company's turnaround efforts. The bright spot: Nike expects to recover nine hundred eighty-six million dollars in tariff refunds, which could help offset rising costs.

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