NEW YORK, United States – Nike reported a drop in quarterly profits Thursday, citing a drag from higher US tariffs and continued weakness in China in results that sent shares sharply lower. The sports giant — which plans product rollouts around the Olympics, World Cup and other major 2026 events — stands “in the middle innings of our comeback,” said CEO Elliott Hill, who pointed to revenue gains in North America as a strong point. READ: Nike plans reduced reliance on China production to soften US tariff blow But Hill cited Greater China, which saw a 17 percent drop in revenues, […]... Keep on reading: Nike shares slump as China struggles continue