Nike's Tariff Boost Masks Weak Demand; Constellation Beer Holds the Line
Nike's Q4 beat was almost entirely tariff-fueled — adj. EPS near $0.20 after stripping the $0.52 windfall — as Greater China revenue fell 17% and guidance pointed to further declines. Constellation Brands delivered genuine beer strength, beating by 6.8% and reaffirming FY2027 guidance.