Wall Street loses patience with Nike as turnaround drags, China weakness deepens

https://www.cnbc.com/2026/04/01/nike-q3-2026-turnaround-drags-china-sales-slump.html Down 15.5% today as of time of writing this post. >Nike may have beat Wall Street’s fiscal 2026 third-quarter earnings expectations but it wasn’t enough to win over investors losing patience with CEO Elliott Hill’s turnaround. >The sneaker giant expects sales to be down for the rest of the year and its recovery in China to last through fiscal 2027, slated to end next spring. >Hill acknowledged the turnaround is taking “longer” than he expected, but said the company’s “direction is clear.”