Nike Shares Slide as China Caution Weighs on Guidance

Nike faces significant challenges in China, with a 20% drop in sales due to rolling lockdowns and inventory buildup. Despite missing gross margin forecasts, CEO John Donahoe remains optimistic about China's long-term potential. North America also saw a decline, while EMEA and Asia Pacific showed growth. The focus is shifting towards direct-to-consumer and online sales platforms.

What was the sales performance of Nike in North America?

Which regions showed robust sales growth for Nike?