Shares of Nike (NYSE:NKE) rose about 2% on Monday after JP Morgan upgraded the stock to Overweight saying it sees signs of recovery in inventory levels, retailer demand, and profit margins.

The layoffs come as CEO Elliott Hill approaches his first annual earnings report as chief executive to the company he began with as an intern. At the end of 2023, Nike announced a $2 billion cost ...

Nike, in reporting its 2025 annual earnings, said that its profitability troubles will likely continue through the first half of next year.

In it's 2025 annual report, Nike laid out its concerns over tariffs and revealed its highest paid member of the executive leadership team. And it isn't the CEO.

The layoffs come as CEO Elliott Hill approaches his first annual earnings report as chief executive to the company he began with as an intern. At the end of 2023, Nike announced a $2 billion cost ...