Nike Turnaround Won’t Be Linear: Retail Signs of Life

here’s a summary of the provided text:

Nike is‍ facing‍ a challenging recovery. Executives stated the recovery will not ⁢be smooth (“linear”) and they anticipate a decline in second-quarter sales, along with a $1.5 billion impact from ⁣U.S. tariffs.⁢ However, the company’s positive outlook on‍ long-term retail demand boosted investor confidence. The remarks were made during Nike’s earnings call.