Nike is set to report its fiscal fourth-quarter results on Tuesday as the company attempts to regain sales growth.
Wall Street expects earnings of $10.86 billion in revenue and 13 cents per share.
CEO Elliott Hill has indicated that sales are expected to decline by a low single-digit percentage, primarily due to a drop in sales in China.
In the previous quarter, Nike reported a 3% increase in sales in North America, while revenue in the Greater China market fell by 7%.
The company also mentioned that it expects an unexpected benefit from tariff refunds.
It is worth noting that in April, Nike implemented a layoff of 1,400 employees.
