Following its stronger-than-expected Q1 results , Nike ’s leadership and analysts discussed the road ahead amid inventory cleanup, challenges in China, and a renewed focus on sports.

Nike CEO Elliott Hill vowed to return the company to its sportswear roots when he took the helm last year in a highly anticipated change, and his efforts are bearing fruit — but a sluggish recovery in China and uncertainty over tariffs remain a drag on the company.

The company, which reported a surprise rise in quarterly revenue, has aggressively cleared out aged inventory, as well as some lifestyle product lines, to focus on more innovative shoes centered on sport.

“Nike is in the early innings of its turnaround and momentum is building,” said Jefferies analyst Randal Konik in a note.

The company said

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