Is The Nike Turnaround Story In Play?

1. Nike's Q1 FY26 results beat expectations, driving a 4% stock increase. 2. Revenue was $11.72B, surpassing the $10.97B estimate. 3. Gross margin improvement and declining inventory show progress in turnaround. 4. Ackman maintains bullish sentiment despite absence of call options on NKE. 5. New ACKY ETF allows retail investors to track Ackman's bets effectively.