Nike is forecasting it will have to pay $1 billion in additional costs because of President Donald Trump’s tariffs, the activewear giant announced Thursday.

Nike’s fourth-quarter sales fell 12% to $11.10 billion, compared with analysts’ expectation of a 14.9% drop to $10.72 billion, according to data compiled by LSEG.

On social media, Nike wrote: “When @caitlinclark22 laces her new Kobe 5 Protro PE, she steps into a new dimension. Noise fades, focus hits, and all that’s left is her drive to dominate.

NIKE Direct, the company's direct-to-consumer business, saw revenue plunge by 14% year over year, largely due to a 26% drop in digital sales. Wholesale revenue was down 9%, and Converse revenue ...

Nike is having a rare sale on its bestselling sneaker of all time — the Air Force 1 — and you can grab it for up to $51 off before it sells out. Here's the unbelievable deal ...

Nike (NKE 15.28%) stock is surging in Friday's trading following the company's recent quarterly report. The footwear and apparel specialist's share price was up 14.5% as of 10:45 a.m. ET. At the ...

NEW YORK — Nike reported sharply lower quarterly profits on Thursday, but signaled it was past the worst stage of a corporate retooling as it implements “surgical” US price increases to defray tariff ...

Nike is having a rare sale on its bestselling sneaker of all time — the Air Force 1 — and you can grab it for up to $51 off before it sells out. Here's the unbelievable deal ...

Pro & College Sports Trump tariffs hit Nike hard, force ‘surgical price increase’ on consumers Published: Jun. 27, 2025, 9:16 a.m.

Revenue totaled $11.1 billion. Both edged out Wall Street projections. Nike is already facing a pullback in spending by Americans, who have grown anxious about the direction of the U.S. economy.

Nike confirmed it would take a $1 billion from tariffs, including in two countries where its goods are made: China and Vietnam. China now manufactures 16% of Nike footwear that goes to the U.S ...

Two global icons are teaming up for one of the coolest collabs of the year. LEGO and Nike are officially dropping a brand-new sneaker-inspired LEGO set, and it launches July 1 for $100. Whether ...