Nike's stock surged 17% after reporting better-than-expected fourth-quarter earnings, despite a 12% sales drop and 86% net income plunge. CEO Elliott Hill emphasized that the company is past the worst of its turnaround struggles, citing positive impacts from its 'Win Now' plan. While sales are expected to decline in the current quarter, Hill highlighted promising new product launches, a return to Amazon, and success with women's products, indicating a path to recovery. However, challenges remain, including inventory issues impacting classic lines and continued pressure from tariffs.

Prepared by Christopher Adams and reviewed by editorial team.