Nike stocks soared Friday, despite a 12% revenue slump in the fourth quarter. CEO Elliott Hill told analysts Thursday he expects a better fiscal year ahead, albeit one that begins with a tariff-fueled cost increase estimated at $1 billion.

Nike Inc.'s stock soared 15 percent and closed at $72.04 per share on Friday, one day after president and chief executive officer Elliott Hill told investors that the worst is behind them. "The results we're reporting in Q4 and in fiscal year 2025 are not up to the Nike standard,

Nike stock is on track to close out its best month in over two decades, charging higher on hopes that new CEO Elliott Hill’s turnaround plan will make the sportswear giant a winner again. For investors,

U.S. equities gained at midday on word of a U.S.-China trade agreement and indications from the White House that more deals are coming.

Shares of the sportswear giant climbed 15% in morning trading. Some analysts said the company’s slump could soon be over.