Nike reported better-than-expected earnings but cautioned that the most challenging phase of its turnaround lies ahead. The company anticipates a significant drop in sales for the current quarter due to tariffs and declining consumer confidence. This marks the first full quarter under the leadership of the new CEO, where sales fell less than feared despite stagnant demand. Analysts predict Nike will experience its worst revenue decline in five years as it navigates through these economic pressures. — news from MarketWatch