The Globe and Mail reports in its Thursday, July 2, edition that Nike shares rose 3 per cent on Wednesday as investors noted chief executive officer Elliott Hill's attempts to boost growth, despite ongoing sales struggles in China and a weak outlook. A Reuters dispatch to The Globe reports that although the company slightly exceeded fourth quarter revenue estimates, China sales fell 17 per cent, and it expects further declines in overall sales in the first half of fiscal 2027, highlighting its uneven recovery. On Wednesday as investors assessed chief executive officer Elliott Hill's efforts to revive growth, though the sportswear giant's persistent sales slump in China and weak outlook continue to keep Wall Street on edge. The company modestly beat fourth quarter revenue estimates, but China sales fell 17 per cent, and it expects further declines in sales in the first half of fiscal 2027, highlighting its uneven recovery. "The Nike turnaround is progressing slowly," Telsey Advisory Group analyst Cristina Fernandez said, adding that sales trends remain weak in large parts of the business such as sportswear and in international markets and are unlikely to rebound before fiscal 2028. The stock is down 35 per cent this year.