Nike reported better-than-expected results last quarter, a sign that CEO Elliott Hill's turnaround efforts are gaining some traction. Bloomberg Intelligence's Poonam Goyal has more on "Bloomberg The Close."
Nike (NYSE:NKE) reported fourth quarter fiscal 2026 revenue of $11 billion, down 1% on a reported basis and down 4% on a currency-neutral basis.
Lululemon Athletica's incoming CEO Heidi O'Neill gave her first speech to the company's employees this week, in which she pledged to put the athleisure brand back on track. Romaine Bostick and Katie Greifeld have more on "Bloomberg The Close."
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