Nike Inc (NKE)

Nike warns turnaround will take longer as China weakness clouds outlook (NKE)July 1, 2026 6:53 AM
IH Market News Revenue beat fails to offset cautious outlook Nike (NYSE:NKE) acknowledged that its turnaround remains a work in progress after ongoing weakness in China and a subdued outlook overshadowed a modest fourth-quarter revenue beat. The sportswear group reported a 1% decline in quarterly revenue, while sales in Greater China fell by double digits, leaving investors unconvinced that Chief Executive Elliott Hill’s strategy is yet delivering a sustained recovery. Nike also warned that revenue is expected to decline further during the first half of fiscal 2027 as the company continues to contend with intense competition and elevated inventory levels. CEO says recovery remains uneven Speaking on the post-results earnings call, Hill admitted the transformation is taking longer than hoped. “Overall, the results aren’t there yet,” he said. “We know we’re not living up to our full potential.” Nike shares have fallen around 35% since the start of the year. The stock dropped roughly 4% in after-hours trading following the results before recovering part of those losses. Hill, who became CEO in 2024, said Nike’s strategy of refocusing on sport, rebuilding wholesale partnerships and expanding its product offering is progressing, but acknowledged that the recovery “continues to be uneven.” The company plans to introduce more than a dozen new footwear models, although Hill cautioned that it will take time before the expanded product pipeline delivers consistent results. Consumers remain under pressure “Our consumer is under pressure around the world, and we can particularly see it having a larger impact on sportswear,” outgoing Chief Financial Officer Matthew Friend said. Friend added that trading conditions became more challenging during the fourth quarter and are unlikely to improve over the next six months, with tariffs continuing to weigh on costs. Nike’s recovery has also been complicated by geopolitical uncertainty, cautious consumer spending and efforts to clear older lifestyle-focused inventory, all of which have pressured margins. Morningstar analyst David Swartz said: “Expectations were low and Nike had a sales decline, so these are still not good results.” China remains the biggest challenge Greater China continued to be Nike’s weakest-performing region, with fourth-quarter sales falling 17% on a constant-currency basis, compared with a 10% decline in the previous quarter. Although the result was slightly better than the company’s earlier forecast for a 20% decline, Nike continues to lose market share to domestic competitors including Anta and Li Ning, while weak product ranges have weighed on demand. Friend said sales trends in China are expected to remain broadly consistent with recent declines as Nike works alongside retail partners to reduce excess inventory. Greater China accounts for roughly 15% of Nike’s annual revenue and remains the company’s third-largest market after North America and Europe, the Middle East and Africa. North America provides some encouragement Despite ongoing challenges, Nike highlighted early signs of improvement. The company has increased marketing around this year’s World Cup and accelerated new product launches in an effort to compete more effectively with rivals such as Adidas. Nike said demand for its football products has begun to recover after slowing in April and forecast a slightly positive gross margin for the first quarter. North American revenue, Nike’s largest business, increased 3% during the fourth quarter, supported by stronger wholesale sales as the company rebuilt relationships with retail partners that had been scaled back under former CEO John Donahoe’s direct-to-consumer strategy. Earnings beat supported by tariff recovery Nike reported earnings per share of 72 cents for the quarter, benefiting from a 52-cent gain linked to the expected recovery of import tariffs. The company recognised a $986 million benefit from tariff refunds during the three months ended 31 May. Last October, Nike had estimated tariffs would cost the business approximately $1.5 billion overall. On an adjusted basis, quarterly earnings came in at 20 cents per share, comfortably ahead of analysts’ expectations of 13 cents, according to LSEG. Nike stock priceThe post Nike warns turnaround will take longer as China weakness clouds outlook (NKE) appeared first on US Editors. Original: Nike warns turnaround will take longer as China weakness clouds outlook (NKE)

US futures edge lower as investors await Warsh remarks and key economic data: Dow Jones, S&P, Nasdaq, Wall StreetJuly 1, 2026 6:12 AM
IH Market News Markets begin the second half cautiously US stock futures traded lower on Wednesday ahead of the first session of the second half of the year, with investors preparing for comments from Federal Reserve Chair Kevin Warsh, fresh US manufacturing data and ongoing geopolitical developments in the Middle East. By 03:16 ET, Dow Jones futures were down 202 points, or 0.4%, while S&P 500 futures fell 33 points and Nasdaq 100 futures lost 195 points, both declining 0.4% and 0.6% respectively. Wall Street ended Tuesday’s session higher, capping a volatile second quarter with gains led by technology stocks. The Philadelphia Semiconductor Index also recorded another strong advance, delivering its best quarterly performance since the benchmark was launched in the early 1990s. Strong jobs data strengthens rate expectations Investor sentiment was tempered by mixed US economic data. May job openings exceeded expectations, while housing and consumer confidence figures disappointed. Together with hawkish remarks from Cleveland Federal Reserve President Beth Hammack, the stronger labour market data reinforced expectations that the Federal Reserve could consider raising interest rates as early as July. All eyes on Kevin Warsh at Sintra Attention now turns to Federal Reserve Chair Kevin Warsh, who is due to speak later today during a panel discussion at the European Central Bank’s annual forum in Sintra, Portugal. Warsh, who succeeded Jerome Powell as Fed Chair, has indicated that he may adopt a different approach to forward guidance by reducing the amount of policy direction provided to financial markets. Earlier this month, following his first interest rate decision as Fed Chair, Warsh announced plans to establish a task force to review the Federal Reserve’s communication strategy and broader policy framework. Investors will also be looking for any comments on the outlook for inflation and economic growth. Although energy prices became a major concern following the outbreak of the Iran conflict earlier this year, the interim agreement reached between Washington and Tehran in June has helped oil prices return to levels seen before the conflict. Qatar talks remain in focus Brent crude traded broadly unchanged at around $73 a barrel as markets monitored separate diplomatic meetings involving US and Iranian representatives in Qatar. Although both countries are participating in discussions with international mediators, officials from Iran and Qatar have confirmed that no direct high-level negotiations between Washington and Tehran are currently planned. Tensions surrounding the Strait of Hormuz remain unresolved. While the White House maintains that shipping routes remain open, Iran continues to insist on retaining influence over maritime traffic through the strategic waterway. Manufacturing data due before payrolls report Economic attention later today will focus on the Institute for Supply Management’s manufacturing Purchasing Managers’ Index (PMI) for June. Economists expect the index to ease slightly to 53.8 from 54.0 in May, although a reading above 50 would continue to indicate expansion in manufacturing activity. Markets will also monitor the ISM prices paid component for further evidence of easing inflationary pressures, while the ADP private payrolls report is expected to provide additional clues ahead of Thursday’s closely watched US employment report. Nike warns recovery will take longer Nike (NYSE:NKE) shares fell in premarket trading after the sportswear group warned that its turnaround will take longer than previously anticipated. Although fourth-quarter revenue exceeded market expectations, the company continued to report significant weakness in China, where sales declined by double digits. Chief Executive Elliott Hill acknowledged that further work remains to restore growth, telling investors after the earnings release: “aren’t there yet,” adding that the company is not “living up to our full potential.” Nike stock price The post US futures edge lower as investors await Warsh remarks and key economic data: Dow Jones, S&P, Nasdaq, Wall Street appeared first on US Editors. Original: US futures edge lower as investors await Warsh remarks and key economic data: Dow Jones, S&P, Nasdaq, Wall Street

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NIKE, Inc. Reports Fiscal 2026 Fourth Quarter and Full Year ResultsJune 30, 2026 4:15 PM
Business Wire NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2026 fourth quarter and full year ended May 31, 2026. Full year revenues were $46.4 billion, flat on a reported basis and down 2 percent on a currency-neutral basis* Fourth quarter revenues were $11.0 billion, down 1 percent on a reported basis and down 4 percent on a currency-neutral basis Wholesale revenues for the fourth quarter were $6.6 billion, up 4 percent on a reported basis and up 1 percent on a currency-neutral basis NIKE Direct revenues for the fourth quarter were $4.1 billion, down 7 percent on a reported basis and down 9 percent on a currency-neutral basis Gross margin for the fourth quarter increased 890 basis points to 49.2 percent, including an approximately 900 basis point benefit due to the expected recovery of the International Emergency Economic Powers Act ("IEEPA") tariffs Diluted earnings per share was $0.72 for the fourth quarter, including a $0.52 benefit related to the expected recovery of the IEEPA tariffs "In fiscal 2026, we took decisive actions to strengthen the foundation of NIKE, Inc. and reposition our business for long-term growth," said Elliott Hill, President and Chief Executive Officer, NIKE, Inc. "We made meaningful structural improvements to lay the groundwork for our Sport Offense across our team culture, innovative product, brand strength, and how we serve consumers in our countries and cities. While we continue to face top-line headwinds, we're encouraged by progress in performance product and are focused on consistent execution, improved profitability and scaling our wins to realize our full potential." "We delivered fourth quarter results in line with our expectations, demonstrating financial discipline in an increasingly challenging operating environment, where sell-through remains challenged," said Matthew Friend, Executive Vice President and Chief Financial Officer, NIKE, Inc. "We are improving the health of our business, managing our product portfolio and investing in marketplace elevation, while adjusting our operating costs for greater efficiency over time." Fourth Quarter Income Statement Review Revenues for NIKE, Inc. were $11.0 billion, down 1 percent on a reported basis and down 4 percent on a currency-neutral basis. Revenues for the NIKE Brand were $10.7 billion, flat on a reported basis and down 3 percent on a currency-neutral basis, primarily due to declines in Greater China and EMEA, partially offset by growth in North America. Wholesale revenues were $6.6 billion, up 4 percent on a reported basis and up 1 percent on a currency-neutral basis, primarily due to growth in North America, partially offset by declines in Greater China. NIKE Direct revenues were $4.1 billion, down 7 percent on a reported basis and down 9 percent on a currency-neutral basis, due to a 12 percent decrease in NIKE Brand Digital and a 7 percent decrease in NIKE-owned stores. Revenues for Converse were $244 million, down 32 percent on a reported basis and down 34 percent on a currency-neutral basis, due to declines across all territories. Gross margin increased 890 basis points to 49.2 percent, primarily due to the expected recovery of the IEEPA tariffs. The expected recovery of the IEEPA tariffs of $986 million increased gross margin by approximately 900 basis points. Selling and administrative expense decreased 2 percent to $4.1 billion. Demand creation expense was $1.2 billion, down 4 percent, primarily due to lower brand marketing expense, partially offset by unfavorable changes in foreign currency exchange rates. Operating overhead expense was $2.9 billion, down 1 percent, due to lower other administrative costs, partially offset by unfavorable changes in foreign currency exchange rates and higher wage-related expense. The effective tax rate was 19.6 percent, compared to 33.6 percent for the same period last year, primarily due to stock-based compensation and prior year one-time items that had an outsized impact on the tax rate because of lower pre-tax income in the prior year. Net income was $1.1 billion, up 407 percent, and Diluted earnings per share was $0.72, including a $0.52 benefit related to the expected recovery of the IEEPA tariffs. Fiscal 2026 Income Statement Review Revenues for NIKE, Inc. were $46.4 billion, flat on a reported basis and down 2 percent on a currency-neutral basis. Revenues for the NIKE Brand were $45.2 billion, up 1 percent on a reported basis and down 1 percent on a currency-neutral basis, primarily due to declines in Greater China and EMEA, partially offset by growth in North America. Wholesale revenues were $27.5 billion, up 6 percent on a reported basis and up 4 percent on a currency-neutral basis. NIKE Direct revenues were $17.7 billion, down 6 percent on a reported basis and down 8 percent on a currency-neutral basis, due to a 12 percent decrease in NIKE Brand Digital and a 4 percent decrease in NIKE-owned stores. Revenues for Converse were $1.2 billion, down 31 percent on a reported basis and down 32 percent on a currency-neutral basis, due to declines across all territories. Gross margin increased 20 basis points to 42.9 percent. Selling and administrative expense was flat compared to the prior year at $16.1 billion. Demand creation expense was $4.8 billion, up 1 percent, due to higher sports marketing expense and unfavorable changes in foreign currency exchange rates, partially offset by lower brand marketing expense, reflecting higher investment in key sports events in the prior year. Operating overhead expense was $11.4 billion, flat compared to the prior year as lower other administrative costs were offset by higher wage-related expense, driven by employee severance costs, and unfavorable changes in foreign currency exchange rates. The effective tax rate was 20.3 percent, compared to 17.1 percent for the same period last year, primarily due to a prior year one-time, non-cash deferred tax benefit provided by U.S. tax regulations related to foreign currency gains and losses. Net income was $3.1 billion, down 3 percent, and Diluted earnings per share was $2.10, a decrease of 3 percent. May 31, 2026 Balance Sheet Review Inventories for NIKE, Inc. were $7.5 billion, flat compared to the prior year, primarily reflecting an increase in units, offset by shifts in product mix. Cash and equivalents and short-term investments were $9.0 billion, down approximately $0.1 billion from last year, as cash generated from operations, which includes approximately $0.3 billion of cash received from IEEPA tariff recoveries, was more than offset by cash dividends and capital expenditures. Shareholder Returns NIKE has a strong track record of returns to shareholders. In the fourth quarter, the Company returned approximately $609 million to shareholders through dividends, up 3 percent from the prior year. In fiscal 2026, the Company returned approximately $2.5 billion to shareholders, including: Dividends of $2.4 billion, up 5 percent from the prior year. Share repurchases of $123 million, reflecting 1.8 million shares retired as part of the Company's four-year, $18 billion program approved by the Board of Directors. Conference Call NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on June 30, 2026, to review fiscal fourth quarter and full year results. The conference call will be broadcast live via the Internet and can be accessed at http://investors.nike.com. For those unable to listen to the live broadcast, an archived version will be available at the same location through approximately 9:00 p.m. PT, July 24, 2026. About NIKE, Inc. NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.'s earnings releases and other financial information are available on the Internet at http://investors.nike.com. Individuals can also visit http://news.nike.com and follow @NIKE. Forward-Looking Statements This press release contains forward-looking statements regarding our expectations of our future results and our strategy, which involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are detailed from time to time in reports filed by NIKE with the U.S. Securities and Exchange Commission (SEC), including Forms 8-K, 10-Q and 10-K. * Non-GAAP financial measure. See additional information in the accompanying Divisional Revenues table. (Tables Follow) NIKE, Inc. CONSOLIDATED STATEMENTS OF INCOME (Unaudited)                           THREE MONTHS ENDED %   TWELVE MONTHS ENDED % (In millions, except per share data) 5/31/2026 5/31/2025 Change   5/31/2026 5/31/2025 Change Revenues $ 10,972   $ 11,097   -1 %   $ 46,398   $ 46,309   0 % Cost of sales   5,579     6,628   -16 %     26,487     26,519   0 % Gross profit   5,393     4,469   21 %     19,911     19,790   1 % Gross margin   49.2 %   40.3 %       42.9 %   42.7 %                   Demand creation expense   1,203     1,253   -4 %     4,754     4,689   1 % Operating overhead expense   2,879     2,895   -1 %     11,360     11,399   0 % Total selling and administrative expense   4,082     4,148   -2 %     16,114     16,088   0 % % of revenues   37.2 %   37.4 %       34.7 %   34.7 %                   Interest (income) expense, net   (8 )   (22 ) —       (50 )   (107 ) —   Other (income) expense, net   (10 )   25   —       (53 )   (76 ) —   Income before income taxes   1,329     318   318 %     3,900     3,885   0 % Income tax expense   260     107   143 %     792     666   19 % Effective tax rate   19.6 %   33.6 %       20.3 %   17.1 %                   NET INCOME $ 1,069   $ 211   407 %   $ 3,108   $ 3,219   -3 %                 Earnings per common share:               Basic $ 0.72   $ 0.14   414 %   $ 2.10   $ 2.17   -3 % Diluted $ 0.72   $ 0.14   414 %   $ 2.10   $ 2.16   -3 %                 Weighted average common shares outstanding:               Basic   1,482.6     1,476.7         1,479.8     1,484.9     Diluted   1,482.9     1,477.7         1,481.0     1,487.6                     Dividends declared per common share $ 0.410   $ 0.400       $ 1.630   $ 1.570     NIKE, Inc. CONSOLIDATED BALANCE SHEETS (Unaudited)                   May 31, May 31, % Change (Dollars in millions)   2026   2025 ASSETS       Current assets:       Cash and equivalents $ 7,563 $ 7,464 1 % Short-term investments   1,464   1,687 -13 % Accounts receivable, net   5,931   4,717 26 % Inventories   7,501   7,489 0 % Prepaid expenses and other current assets   2,144   2,005 7 % Total current assets   24,603   23,362 5 % Property, plant and equipment, net   4,796   4,828 -1 % Operating lease right-of-use assets, net   2,838   2,712 5 % Identifiable intangible assets, net   259   259 0 % Goodwill   240   240 0 % Deferred income taxes and other assets   5,674   5,178 10 % TOTAL ASSETS $ 38,410 $ 36,579 5 % LIABILITIES AND SHAREHOLDERS’ EQUITY       Current liabilities:       Current portion of long-term debt $ 2,000 $ — 100 % Accounts payable   3,600   3,479 3 % Current portion of operating lease liabilities   478   502 -5 % Accrued liabilities   6,092   5,916 3 % Income taxes payable   377   669 -44 % Total current liabilities   12,547   10,566 19 % Long-term debt   5,942   7,961 -25 % Operating lease liabilities   2,613   2,550 2 % Deferred income taxes and other liabilities   2,443   2,289 7 % Redeemable preferred stock   —   — —   Shareholders’ equity   14,865   13,213 13 % TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 38,410 $ 36,579 5 % NIKE, Inc. DIVISIONAL REVENUES (Unaudited)                                                       % Change Excluding Currency Changes1         % Change Excluding Currency Changes1   THREE MONTHS ENDED % TWELVE MONTHS ENDED % (Dollars in millions) 5/31/2026   5/31/2025 Change 5/31/2026   5/31/2025 Change North America                     Footwear $ 3,230   $ 3,104   4 % 4 % $ 13,317   $ 12,684   5 % 5 % Apparel   1,310     1,303   1 % 0 %   6,075     5,837   4 % 4 % Equipment   292     296   -1 % -2 %   1,119     1,051   6 % 6 % Total   4,832     4,703   3 % 3 %   20,511     19,572   5 % 5 % Europe, Middle East & Africa                     Footwear   1,821     1,893   -4 % -9 %   7,643     7,569   1 % -5 % Apparel   982     929   6 % 0 %   4,210     3,971   6 % 0 % Equipment   172     178   -3 % -9 %   719     717   0 % -6 % Total   2,975     3,000   -1 % -6 %   12,572     12,257   3 % -3 % Greater China                     Footwear   938     1,074   -13 % -17 %   4,188     4,805   -13 % -15 % Apparel   334     372   -10 % -15 %   1,535     1,616   -5 % -7 % Equipment   25     30   -17 % -21 %   124     165   -25 % -26 % Total   1,297     1,476   -12 % -17 %   5,847     6,586   -11 % -13 % Asia Pacific & Latin America                     Footwear   1,114     1,114   0 % -2 %   4,377     4,452   -2 % -3 % Apparel   420     398   6 % 4 %   1,629     1,541   6 % 5 % Equipment   62     63   -2 % -3 %   237     258   -8 % -9 % Total   1,596     1,575   1 % -1 %   6,243     6,251   0 % -1 % Global Brand Divisions2   24     9   167 % 150 %   49     48   2 % 2 % TOTAL NIKE BRAND3   10,724     10,763   0 % -3 %   45,222     44,714   1 % -1 % Converse   244     357   -32 % -34 %   1,174     1,692   -31 % -32 % Corporate4   4     (23 ) —   —     2     (97 ) —   —   TOTAL NIKE, INC. REVENUES $ 10,972   $ 11,097   -1 % -4 % $ 46,398   $ 46,309   0 % -2 %                       TOTAL NIKE BRAND3                     Footwear $ 7,103   $ 7,185   -1 % -4 % $ 29,525   $ 29,510   0 % -2 % Apparel   3,046     3,002   1 % -1 %   13,449     12,965   4 % 2 % Equipment   551     567   -3 % -5 %   2,199     2,191   0 % -2 % Global Brand Divisions2   24     9   167 % 150 %   49     48   2 % 2 % TOTAL NIKE BRAND REVENUES3 $ 10,724   $ 10,763   0 % -3 % $ 45,222   $ 44,714   1 % -1 % 1 The percent change has been calculated using actual exchange rates in use during the comparative prior year period and is provided to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure. Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes this non-GAAP financial measure provides investors with additional financial information that should be considered when assessing the Company's underlying business performance and trends. References to this measure should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. 2 Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. 3 Included in NIKE Brand revenues are sales of Jordan Brand products which were $7,034 million in fiscal 2026 compared to $7,270 million in fiscal 2025, down 3% on a reported basis and down 5% on a currency-neutral basis. 4 Corporate revenues primarily consist of foreign currency hedge gains and losses related to revenues generated by entities within the NIKE Brand geographic operating segments and Converse, but managed through the Company's central foreign exchange risk management program. NIKE, Inc. EARNINGS BEFORE INTEREST AND TAXES ("EBIT")1 (Unaudited)                       THREE MONTHS ENDED % TWELVE MONTHS ENDED % (Dollars in millions) 5/31/2026 5/31/2025 Change 5/31/2026 5/31/2025 Change North America2 $ 2,000   $ 1,045   91 % $ 5,376   $ 4,735   14 % Europe, Middle East & Africa   434     472   -8 %   2,417     2,575   -6 % Greater China   243     304   -20 %   1,278     1,602   -20 % Asia Pacific & Latin America   316     319   -1 %   1,387     1,527   -9 % Global Brand Divisions3   (1,130 )   (1,246 ) 9 %   (4,603 )   (4,699 ) 2 % TOTAL NIKE BRAND EBIT1   1,863     894   108 %   5,855     5,740   2 % Converse2   23     27   -15 %   18     240   -93 % Corporate4   (565 )   (625 ) 10 %   (2,023 )   (2,202 ) 8 % TOTAL NIKE, INC. EBIT1   1,321     296   346 %   3,850     3,778   2 % Interest (income) expense, net   (8 )   (22 ) —     (50 )   (107 ) —   Income tax expense   260     107   143 %   792     666   19 % NET INCOME $ 1,069   $ 211   407 % $ 3,108   $ 3,219   -3 %               Total NIKE, Inc. Revenues $ 10,972   $ 11,097   -1 % $ 46,398   $ 46,309   0 % Net income margin   9.7 %   1.9 %     6.7 %   7.0 %   EBIT margin1   12.0 %   2.7 %     8.3 %   8.2 %   1 Total NIKE Brand EBIT, Total NIKE, Inc. EBIT and EBIT margin are considered non-GAAP financial measures. EBIT is calculated as Net income before Interest (income) expense, net and Income tax expense. EBIT margin is calculated as total NIKE, Inc. EBIT divided by total NIKE, Inc. Revenues. References to EBIT and EBIT margin should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. Management uses these non-GAAP financial measures when evaluating the Company's performance, including segment performance, when making financial and operating decisions. Additionally, management believes these non-GAAP financial measures provide investors with additional financial information that should be considered when assessing the Company's underlying business performance and trends. 2 On February 20, 2026, the U.S. Supreme Court ruled that U.S. tariffs imposed under the International Emergency Economic Powers Act (“IEEPA”) on goods imported into the U.S. were unauthorized. During the fourth quarter of fiscal 2026, the Company deemed the recovery of IEEPA tariffs paid to be probable. For the three and twelve months ended May 31, 2026, North America and Converse include a $965 million and $21 million benefit, respectively, for the expected recovery of the IEEPA tariffs paid on goods imported into the U.S. For the twelve months ended May 31, 2026, the benefit largely offsets the impact of the IEEPA tariffs recognized during fiscal 2026. 3 Global Brand Divisions primarily represents costs, including product creation and design expenses, that are centrally managed for the NIKE Brand, as well as costs associated with NIKE Direct global digital operations and enterprise technology. Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. 4 Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Company's corporate headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses, including certain hedge gains and losses.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260630156660/en/ Investor Contact:
Paul Trussell
investor.relations@nike.com Media Contact:
Sandra Carreon-John
media.relations@nike.com Original: NIKE, Inc. Reports Fiscal 2026 Fourth Quarter and Full Year Results

Wall Street futures edge higher as investors await U.S.-Iran talks and key economic data: Dow Jones, S&P, NasdaqJune 30, 2026 6:11 AM
IH Market News U.S. stock index futures traded modestly higher on Tuesday as investors prepared for the final trading session of both the first half of the year and the second quarter. Market participants are also monitoring reports of possible talks between the United States and Iran in Qatar, while a series of economic indicators and Nike’s quarterly results are set to dominate the day’s agenda. Futures rise ahead of a busy session By 03:10 ET (07:10 GMT), futures linked to the Dow Jones Industrial Average had gained 39 points, or 0.1%, while S&P 500 futures rose 7 points, or 0.1%. Nasdaq 100 futures added 67 points, or 0.2%. Wall Street ended Monday’s session higher, led by a rebound in technology shares after concerns over the sustainability of artificial intelligence infrastructure spending weighed on the sector last week. A semiconductor index advanced around 3.8%, recovering from its weakest weekly performance since April of last year. The gains helped the S&P 500 end a five-session losing streak and left the benchmark on course for its strongest quarterly performance since the post-pandemic recovery. Investor sentiment also improved after the U.S. Supreme Court ruled that Federal Reserve Governor Lisa Cook could remain in office while legal proceedings continue over efforts by the Trump administration to remove her. The decision eased, although did not eliminate, concerns over the independence of the Federal Reserve. Focus shifts to potential U.S.-Iran negotiations Attention is also centred on Qatar after President Donald Trump said U.S. officials would meet Iranian representatives there on Tuesday. According to CNN, special envoy Steve Witkoff is travelling to Qatar, although Iranian officials have stated that no negotiations are currently scheduled in the coming days. Axios reported that Witkoff and Jared Kushner will meet with Qatari officials, while separate technical discussions involving U.S. and Iranian delegations are expected to take place with mediation from Qatar and Pakistan. An Iranian technical delegation is also reportedly due to arrive in Doha later this week. The diplomatic activity follows reports that Washington and Tehran have agreed to halt attacks in the Strait of Hormuz after tensions escalated last week. Brent crude remained close to US$73.38 per barrel after retreating to levels seen before the conflict. Labour market data in focus Markets are also preparing for a busy week of US economic releases. Tuesday’s key report will be the Job Openings and Labor Turnover Survey (JOLTS) for May. Economists expect job openings to decline to 7.28 million from 7.618 million in April. The Conference Board’s consumer confidence index is also due later in the day. Together, the reports are expected to provide further insight ahead of Friday’s closely watched non-farm payrolls report, which could influence the Federal Reserve’s interest rate decisions during the remainder of 2026. Nike results under the spotlight Corporate attention will focus on Nike (NYSE:NKE), which is scheduled to publish quarterly earnings after the close of trading. Investors will be looking for further evidence that Chief Executive Elliott Hill’s turnaround strategy is gaining traction. In March, Nike warned that quarterly sales would decline by between 2% and 4%, reflecting softer demand in China, Europe, the Middle East and Africa. Earlier this month, the company appointed David Denton as its new Chief Financial Officer. Hill described the former Pfizer executive as a “proven public-company CFO who knows how to help great consumer brands operate with discipline and invest to win.” Chinese manufacturing shows modest improvement Official data released on Tuesday showed China’s manufacturing sector expanded slightly faster than expected in June. The official manufacturing Purchasing Managers’ Index rose to 50.3 from 50.0 in May, exceeding economists’ expectations of 50.2. Export demand continued to support factory activity as overseas buyers accelerated purchases amid uncertainty surrounding Middle East tensions and oil prices. However, analysts warned that this boost could fade as geopolitical risks ease and energy markets stabilise. Nike stock price The post Wall Street futures edge higher as investors await U.S.-Iran talks and key economic data: Dow Jones, S&P, Nasdaq appeared first on US Editors. Original: Wall Street futures edge higher as investors await U.S.-Iran talks and key economic data: Dow Jones, S&P, Nasdaq

Five Market Events Investors Will Be Watching This WeekJune 29, 2026 9:30 AM
IH Market News A packed calendar of economic releases and central bank events will dominate investor attention this week, despite a shortened trading schedule as U.S. markets close on Friday for the Independence Day holiday. The spotlight will also fall on the European Central Bank’s annual Sintra conference and earnings from Nike (NYSE:NKE). 1. U.S. Employment Report The June U.S. employment report will be the week’s headline economic release, with economists expecting hiring to slow while the unemployment rate remains unchanged. Nonfarm payrolls are forecast to increase by 114,000, down from 172,000 in May but still above the 100,000 mark for a third consecutive month. The unemployment rate is expected to remain at 4.3%. According to ING, June’s payroll figures will be the “key directional catalyst” for financial markets because they could influence expectations for future Federal Reserve interest rate decisions. Alongside controlling inflation, the Fed is also responsible for supporting maximum employment. With inflationary pressures still elevated following the Iran conflict, markets continue to anticipate additional Federal Reserve rate increases before the end of 2026. An NFP reading above 100,000 “should put a floor on rate expectations, but should equally be insufficient for markets to price in two Fed hikes by year-end,” ING analysts wrote. 2. U.S. Manufacturing Data Ahead of the jobs report, investors will also receive fresh readings on consumer confidence, job openings and private-sector employment. Attention will then turn to the Institute for Supply Management’s June manufacturing PMI, which is expected to ease slightly to 53.7 from 54.0 in May. A reading above 50 continues to indicate expansion in manufacturing activity. Markets will also monitor the survey’s prices-paid component for signs that recent energy-driven inflation pressures are beginning to moderate. 3. Eurozone Inflation Preliminary inflation figures for the euro area are due on Wednesday. Economists expect annual headline inflation to slow to 3.0% from 3.2%, while core inflation, which excludes food and energy prices, is forecast to remain unchanged at 2.6%. Both readings remain above the European Central Bank’s 2% target, supporting expectations that policymakers could tighten monetary policy further despite the recent moderation in oil prices. 4. ECB Sintra Forum Central bankers from around the world will gather in Sintra, Portugal, for the European Central Bank’s annual policy conference. ECB President Christine Lagarde will open the event on Monday, while newly appointed Federal Reserve Chair Kevin Warsh is scheduled to participate in a panel discussion on Wednesday. Investors will closely analyse Warsh’s comments after he indicated he intends to reshape how the Fed communicates its policy outlook. His first policy statement did not include forward guidance, and he also chose not to participate in the Fed’s quarterly interest-rate projections. 5. Nike Earnings Corporate earnings will take a back seat this week, although Nike (NYSE:NKE) will attract significant attention when it reports fiscal results after Tuesday’s U.S. market close. Markets are expected to focus on the company’s outlook for fiscal 2027 as investors assess CEO Elliott Hill’s turnaround strategy. Earlier this year, Nike warned that quarterly sales could decline by between 2% and 4%, citing softer demand across China, Europe, the Middle East and Africa. The company also recently appointed David Denton as its new Chief Financial Officer, with Hill describing him as a “proven public-company CFO who knows how to help great consumer brands operate with discipline and invest to win.” Nike stock price The post Five Market Events Investors Will Be Watching This Week appeared first on US Editors. Original: Five Market Events Investors Will Be Watching This Week

Price Projections
12 Months ($40 – $48): A period of high volatility. We are waiting for proof that they’ve cleared the inventory. If that happens, $48 is a conservative target.

60 Months ($90 – $110): This is the mean-reversion scenario. Nike is too big to disappear. After 5 years of hard restructuring, if they return to design excellence, the market will reward them with a premium P/E multiple once again.
Read the full analysis https://mirjanagarison.substack.com/p/inside-mtu-aero-engines-what-truly

NIKE, Inc. Announces Planned CFO TransitionJune 23, 2026 4:17 PM
Business Wire David M. Denton named incoming Chief Financial Officer NIKE, Inc. (NYSE:NKE) today announced that David M. Denton will join the company as Executive Vice President and Chief Financial Officer, effective August 17. Matthew Friend will step down as Executive Vice President and Chief Financial Officer at that time and remain with the company through September 4 to support an orderly transition. Friend will participate in the company’s fourth quarter fiscal 2026 earnings call on June 30, as planned. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260623328558/en/David M. Denton |
 Incoming Executive Vice President & Chief Financial Officer, NIKE, Inc. Denton will lead Nike’s global finance organization, partnering with President and Chief Executive Officer Elliott Hill and the Senior Leadership Team to support disciplined execution, capital allocation, and long-term value creation. “Dave is a proven public-company CFO who knows how to help great consumer brands operate with discipline and invest to win,” said Elliott Hill, President and Chief Executive Officer, NIKE, Inc. “We’re focused on doing what Nike does best: serving athletes, leading with sport and building the most innovative products in the world. Dave’s experience, judgment, and operating rigor will help us execute against these priorities with consistency and build on the progress underway.” Denton joins Nike from Pfizer, Inc., where he has served as Chief Financial Officer and Executive Vice President since May 2022. He brings more than 30 years of finance and operating leadership experience across complex global public companies. Prior to Pfizer, Denton served as Chief Financial Officer and Executive Vice President of Lowe’s Companies, Inc. from 2018 to 2022, where he oversaw finance, strategy, and other enterprise functions while helping advance the company’s transformation and growth priorities. Earlier in his career, he spent two decades at CVS Health Corporation, including as Executive Vice President and Chief Financial Officer, where he helped guide the company’s evolution into a diversified health solutions organization. Denton also brings public company governance experience having previously served on the Boards of Directors of Haleon (2023–2024) and Tapestry (2014–2023) and is expected to serve on the Board of Honeywell Aerospace following its planned spin-off from Honeywell. “Nike is one of the world’s great brands, with extraordinary strengths in sport, innovation, and global scale,” said Denton. “I’m excited to partner with Elliott and the leadership team to support the company’s priorities, invest with discipline, and help deliver sustainable long-term value as Nike continues to lead with sport and serve athletes around the world.” "This is a natural moment for a leadership transition as we move from foundational actions to sustained growth through our Sport Offense operating model,” added Hill. “I’d like to thank Matt for his many contributions to Nike over the years. He has dedicated a significant part of his career to this company and has been a valued colleague and partner to many across Nike. We are grateful for his service, appreciate his commitment to ensuring a seamless transition, and wish him all the best in his next chapter.” NIKE, Inc. Provides Update on Expected Fourth Quarter Fiscal 2026 Results As previously announced, NIKE, Inc. will report fourth quarter and fiscal year 2026 results on Tuesday, June 30th at 2:00 p.m. PT. These results will include a benefit from tariff refunds that was not contemplated in the company’s previously provided guidance. Excluding this one-time benefit, fourth quarter results are expected to be generally in line with previously provided guidance. About NIKE, Inc. NIKE, Inc., headquartered in Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at https://investors.nike.com/. Individuals can also visit https://about.nike.com/ and follow NIKE on LinkedIn, Instagram and YouTube. View source version on businesswire.com: https://www.businesswire.com/news/home/20260623328558/en/ Investor Contact:
Paul Trussell
investor.relations@nike.com Media Contact:
Sandra Carreon-John
media.relations@nike.com Original: NIKE, Inc. Announces Planned CFO Transition

Nike Shares Ease After Evercore Cuts Rating and Lowers Price Target (NKE)June 23, 2026 9:05 AM
IH Market News Analyst Downgrade Highlights Near-Term Execution Risks Nike (NYSE:NKE) shares slipped 1.4% in premarket trading on Tuesday after Evercore ISI downgraded the sportswear giant to In Line from Outperform and reduced its price target to $46 from $57. The brokerage cited weakening sales trends, limited product innovation and growing concerns that Nike may need to lower market expectations ahead of a key investor event later this year. Turnaround Effort Faces Fresh Challenges Nearly two years into Nike’s turnaround strategy, Evercore said its latest channel checks continue to reveal signs of pressure across several important parts of the business. The firm pointed to worsening conditions in U.S. lifestyle and family retail channels, where order cancellations and delayed purchases are reportedly exceeding company expectations. Analysts also highlighted softer demand for recent Jordan retro product launches and supply chain disruptions in Europe that have delayed the arrival of World Cup-related merchandise. Risk of Further Guidance Reductions Evercore believes there is an increasing likelihood that Nike will need to lower consensus expectations again in the near term. “We see rising probability that Nike will have to signal Consensus lower again in the near-term to avoid potential for a far worse scenario where it would have to lower the full FY27 outlook at the Fall ’26 analyst day,” analysts led by Michael Binetti wrote. The brokerage added that such a move would be “highly distracting as it tries to refocus investors on a better narrative on that day.” Earnings Forecasts Reduced Reflecting its more cautious stance, Evercore lowered its fiscal 2027 earnings-per-share estimate to $1.65 from $1.70, below the broader market consensus of $1.82. The firm also reduced its fiscal 2028 EPS forecast to $2.20 from $2.25, compared with analyst expectations of approximately $2.33. According to Evercore, investors are likely to react strongly to any changes in Nike’s existing guidance that first-half fiscal 2027 revenue will decline by a low-single-digit percentage. Some Positive Indicators Remain Despite the downgrade, the brokerage acknowledged several areas of strength within the business. Performance-focused categories, including Nike Run, continue to deliver solid results, while a potential $1 billion tariff refund could provide additional resources for marketing and brand investment. Evercore also indicated that consensus expectations for the company’s fourth-quarter results appear largely achievable. Valuation May Limit Further Downside From a valuation perspective, the analysts noted that Nike is trading at approximately 1.5 times enterprise value to sales, a level close to its lowest point in roughly 15 years. They suggested this could help provide support for the stock even if operational challenges persist. “Could help backstop the stock from further meaningful downside,” the analysts said. However, Evercore cautioned that uncertainty remains regarding the steps Nike may need to take to restore growth and strengthen relationships with retail partners. “But until we know the steps Nike will need to take to ultimately stabilize the brand (potentially including boosting retailer’s margins at the expense of its own), we struggle to continue anchoring to a mid20’s P/E —a premium Nike earned over many years,” they added. Investors Await Key Updates With Nike preparing for its upcoming analyst day later this year, investors will be closely watching for evidence that the company’s turnaround strategy is gaining traction. Until then, concerns around sales momentum, product innovation and profitability are likely to remain key factors influencing sentiment toward the stock. Nike stock priceThe post Nike Shares Ease After Evercore Cuts Rating and Lowers Price Target (NKE) appeared first on US Editors. Original: Nike Shares Ease After Evercore Cuts Rating and Lowers Price Target (NKE)

John Rogers, Jr., Founder of Ariel Investments, to Retire from the NIKE, Inc. Board of Directors, Rogers to Serve as Strategic Advisor to Nike Focused on the Future of Sport and CommunityJune 18, 2026 4:15 PM
Business Wire NIKE, Inc. (NYSE:NKE) today announced that John Rogers, Jr., a director of the Company since 2018, has decided to retire and will not stand for re-election to the NIKE, Inc. Board of Directors at the September 2026 Annual Meeting of Shareholders. Rogers’ retirement will be effective following this Annual Meeting after which he will serve as a strategic advisor to Nike focused on a variety of topics including the future of sport and social community impact. “On behalf of Nike, I’d like to thank John for his eight years of service to our Board. We are grateful for the support and guidance he provided during his tenure, and we are delighted he will remain as an advisor to the company,” said Mark Parker, Executive Chairman of NIKE, Inc. “John is known to most as a leader in the world of business and finance, but his equally tireless dedication to many vital civic, economic, and community causes are a unique combination. We look forward to benefitting from his continued expertise as we harness the power of sport to drive positive, lasting change in communities globally.” “It has been an honor to serve on Nike’s Board and play a part in the company's work to change lives through sport. I am proud of all that we have accomplished over the last eight years,” said John Rogers, Jr. “I look forward to continuing to support Nike in a new capacity helping the company’s impact on and investment in sport, athletes, and communities around the world. I remain confident in Nike’s future and am grateful for the opportunity to continue advancing its mission.” About NIKE, Inc. NIKE, Inc., headquartered in Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at https://investors.nike.com/. Individuals can also visit https://about.nike.com/ and follow NIKE on LinkedIn, Instagram and YouTube. View source version on businesswire.com: https://www.businesswire.com/news/home/20260618689908/en/ Investor Contact:
Paul Trussell
investor.relations@nike.com Media Contact:
Sandra Carreon-John
media.relations@nike.com Original: John Rogers, Jr., Founder of Ariel Investments, to Retire from the NIKE, Inc. Board of Directors, Rogers to Serve as Strategic Advisor to Nike Focused on the Future of Sport and Community

NIKE, Inc. Announces Fourth Quarter Fiscal 2026 Earnings and Conference CallMay 28, 2026 5:00 PM
Business Wire NIKE, Inc. (NYSE: NKE) plans to release its fourth quarter fiscal 2026 financial results on Tuesday, June 30, 2026, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. Following the news release, NIKE, Inc. management will host a conference call beginning at 2:00 p.m. PT to review results. The conference call will be broadcast live over the Internet and can be accessed at https://investors.nike.com/. For those unable to listen to the live broadcast, an archived version will be available at the same location through 9:00 p.m. PT, July 24, 2026. About NIKE, Inc. NIKE, Inc., headquartered in Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at https://investors.nike.com/. Individuals can also visit https://about.nike.com/ and follow NIKE on LinkedIn, Instagram and YouTube. View source version on businesswire.com: https://www.businesswire.com/news/home/20260528240663/en/ Investor Contact:
Paul Trussell
investor.relations@nike.com Media Contact:
Sandra Carreon-John
media.relations@nike.com Original: NIKE, Inc. Announces Fourth Quarter Fiscal 2026 Earnings and Conference Call

NIKE, Inc. Declares $0.41 Quarterly DividendMay 4, 2026 5:00 PM
Business Wire NIKE, Inc. (NYSE: NKE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.41 per share on the Company’s outstanding Class A and Class B Common Stock payable on July 1, 2026, to shareholders of record at the close of business on June 1, 2026. About NIKE, Inc. NIKE, Inc., headquartered near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at https://investors.nike.com. Individuals can also visit https://about.nike.com/en/newsroom and follow NIKE on LinkedIn, Instagram and YouTube. View source version on businesswire.com: https://www.businesswire.com/news/home/20260504306371/en/ Investor Contact:
Paul Trussell
investor.relations@nike.com Media Contact:
Sandra Carreon-John
media.relations@nike.com Original: NIKE, Inc. Declares $0.41 Quarterly Dividend

NKE! Tarrifs

Nike Shares Climb After CEO Increases StakeApril 15, 2026 6:43 AM
IH Market News
Nike (NYSE:NKE) shares gained 2.2% in premarket trading on Thursday after chief executive Elliott Hill added to his holdings in the sportswear group.Hill acquired 23,660.235 shares at a price of $42.265 each on April 13, according to a filing with the Securities and Exchange Commission. The purchase follows an investment of roughly $1 million he made in the company last year, while Tim Cook—who also sits on Nike’s board—previously bought about $3 million worth of shares.The stock was trading at $44.98 in extended hours.Last month, Nike warned of an unexpected decline in sales, pointing to softer demand in China and pressures linked to the Middle East conflict, posing a challenge to its ongoing turnaround strategy.The company is also reportedly in exclusive negotiations to supply footballs for European men’s competitions, potentially displacing rival Adidas.Nike stock price

Original: Nike Shares Climb After CEO Increases Stake

Wall Street set for lower open as renewed U.S.-Iran tensions unsettle markets: Dow Jones, S&P, Nasdaq, FuturesApril 13, 2026 9:17 AM
IH Market News
U.S. stock futures pointed to a weaker start on Monday, with equities likely to retreat after posting strong gains in the previous week.Investor sentiment has been dampened by rising fears of renewed escalation in the Middle East, following the collapse of weekend negotiations between Washington and Tehran.“They have chosen not to accept our terms,” said U.S. Vice President JD Vance during a brief press briefing, while leaving open the possibility of future agreement. Iran, for its part, said that “unreasonable U.S. demands” had stalled progress in the talks.Higher oil prices are also expected to weigh on early trading, with crude futures climbing back above $100 per barrel.The surge in oil comes after President Donald Trump announced that the U.S. would move to block access to the strategically important Strait of Hormuz after negotiations broke down.“Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz,” Trump wrote on Truth Social.He added that U.S. forces were “locked and loaded” and ready to “finish up the little that is left of Iran” at an “appropriate moment.”“Markets are once again being pulled between competing forces, with geopolitical escalation in the Middle East reintroducing uncertainty just as investors turn their focus toward the start of earnings season,” said Daniela Hathorn, Senior Market Analyst at Capital.com.She added, “After a brief period of relief following ceasefire hopes, the breakdown in talks and the emergence of a ‘blockade of the blockade’ strategy by the US has pushed the narrative back toward duration risk: how long this conflict will last and how deeply it will impact the global economy.”After recovering from an early decline on Thursday to close mostly higher, stocks showed limited direction on Friday. Major indices moved unevenly throughout the session before finishing mixed.The tech-heavy Nasdaq rose 80.48 points, or 0.4%, to 22,902.89, its highest close in over a month. Meanwhile, the S&P 500 slipped 7.77 points, or 0.1%, to 6,816.89, and the Dow Jones Industrial Average dropped 269.23 points, or 0.6%, to 47,916.57.Despite Friday’s mixed performance, all three major indices recorded solid gains for the week, largely driven by a sharp rally on Wednesday. The Nasdaq jumped 4.7%, the S&P 500 climbed 3.6%, and the Dow advanced 3.0%.The Dow’s decline was partly driven by a drop in Salesforce (NYSE:CRM), which fell 3.5%. Other components including Nike (NYSE:NKE), IBM (NYSE:IBM) and Verizon (NYSE:VZ) also posted notable losses.Broader market sentiment remained cautious amid ongoing uncertainty about whether the fragile Middle East ceasefire can hold.Ahead of the weekend talks in Pakistan, Trump had criticised Iran’s handling of oil shipments through the Strait of Hormuz, saying it was doing a “very poor job” and adding, “That is not the agreement we have!”He also reacted to reports that Iran was charging fees to tankers passing through the strait, warning, “They better not be and, if they are, they better stop now!”In a separate post, Trump added, “The Iranians don’t seem to realize they have no cards, other than a short term extortion of the World by using International Waterways. The only reason they are alive today is to negotiate!”Investors largely brushed aside weaker consumer sentiment data released by the University of Michigan, which showed a sharp drop in April.The university’s consumer sentiment index fell to 47.6 from 53.3 in March, well below expectations of 52.0 and marking its lowest level on record, amid concerns over the Iran conflict and rising inflation expectations.Separately, data from the U.S. Department of Labor showed consumer prices rose 0.9% in March, in line with forecasts.Sector performance was mixed, reflecting the broader market’s lack of direction.Semiconductor stocks stood out, with the Philadelphia Semiconductor Index rising 2.3% to a record closing high.Gold and computer hardware shares also performed strongly, while software, biotechnology and healthcare stocks came under pressure.Salesforce stock priceNike stock priceIBM stock priceVerizon Communications stock price

Original: Wall Street set for lower open as renewed U.S.-Iran tensions unsettle markets: Dow Jones, S&P, Nasdaq, Futures

Wow this junk has been crashing hard. Never Nike

5plus year low- not good

NKE, new 52 week low

Drop into the 20’s hire Kapernick back, he can help you assholes!

Once Nike was my whole athletic workout gear, today, I own none of their shit!

Even 50% off doesn’t get my business!

Kuehn Law Encourages Investors of Nike, Inc. to Contact Law FirmApril 2, 2026 1:57 PM
PR Newswire (US)

NEW YORK, April 2, 2026 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Nike, Inc. (NYSE: NKE) breached their fiduciary duties to shareholders. 







According to a federal securities lawsuit, Insiders at Nike caused the company to misrepresent or fail to disclose that: (1) NIKE's direct-to-consumer strategy was unable to generate sustainable revenue growth; (2) NIKE's purported competitive advantages were unable to protect the Company from intense competitive pressures after NIKE largely disengaged from many of its wholesale and retail partners to focus on the Company's direct-to-consumer strategy; and (3) as a result, representations about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.If you currently own NKE and purchased prior to March 19, 2021 please contact Justin Kuehn, Esq. by email at justin @RJ. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights. Why Your Participation Matters:As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™ For additional information, please visit Shareholder Derivative Litigation - Kuehn Law.Attorney advertising. Prior results do not guarantee similar outcomes.Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968

Nike shares fall in premarket despite earnings beat as China weakness and margin pressure persistApril 1, 2026 6:05 AM
IH Market News
Nike (NYSE:NKE) reported quarterly results on Tuesday that exceeded expectations on both earnings and revenue, but the report highlighted ongoing softness in the important Greater China market along with declining gross margins.Shares of the Dow 30 component dropped more than 9% in premarket trading Wednesday, changing hands at $47.88 by 04:17 ET.The results come as investors closely watch for signs that CEO Elliott Hill’s turnaround strategy is beginning to take effect. The world’s largest athletic footwear brand has been grappling with falling sales in China and pressure on margins linked to tariffs, while also facing increasing competition from rivals including China’s Anta and Li Ning, Switzerland’s On, and Deckers’ Hoka.Nike reported earnings of 35 cents per share on revenue of $11.28 billion for the third quarter of its fiscal year 2026. Analysts had forecast earnings of 30 cents per share on revenue of $11.23 billion.Revenue from Greater China, which accounts for roughly 15% of Nike’s global sales, declined 7% year over year to $1.62 billion, marking the seventh consecutive quarterly drop in the region.At the same time, gross margin fell by 130 basis points to 40.2%, largely due to tariff-related pressures in North America.“The big new message was the depth and slow speed of a very deliberate Greater China reset, likely to take four quarters to return to growth,” said Barclays analyst Adrienne Yih in a research note.However, the analyst added that although Nike shares are “likely to be range-bound in the near term, we continue to view current levels, particularly under $50,” she considers this “as an attractive entry point for investors willing to underwrite a longer-duration recovery.”Nike brought back veteran executive Hill to lead the company at the end of 2024. Since taking charge, Hill has rolled out a turnaround plan that shifts focus away from the company’s direct-to-consumer strategy toward strengthening wholesale partnerships and speeding up product launches.“This quarter we took meaningful actions to improve the health and quality of our business. The pace of progress is different across the portfolio and the areas we prioritized first continue to drive momentum,” Hill said in a statement.“The work is not finished, but the direction is clear, our teams are moving with focus and urgency, and our foundation is getting even stronger to build the future of Nike,” he added.Because the turnaround plan is expected to take time to show results, Nike’s stock performance has remained under pressure. Shares have fallen 15.8% during 2025 and are down 17.1% so far this year.However, Jefferies analysts led by Randal Konik said in an earnings preview that Nike’s fiscal third quarter showed “steady progress, with innovation broadening across the portfolio, inventories materially cleaner, and momentum building in (North America) and wholesale.”Nike’s report showed North America revenue rising 3% year over year to $5.03 billion.The Jefferies analysts acknowledged that China and Nike Digital remain “areas to work through,” but still recommended “buying shares now”, arguing that the stock’s risk-reward profile is “skewed to the upside.”“This remains a deliberately sequenced execution story, with China and Nike Digital next in line rather than immediate fixes. At current levels, investors can own one of the most ubiquitous global brands trading at a cycle low 1.6x P/S, even below tariff driven April lows,” the analysts said.Separately, Raymond James analyst Rick Patel described the company’s results as “disappointing,” adding that “revenue should continue declining low-single-digits through CY26 on lingering headwinds from China, despite modest North America growth.”Nike stock price

Original: Nike shares fall in premarket despite earnings beat as China weakness and margin pressure persist

Futures edge higher while oil drops on hopes of Iran war de-escalation — what’s driving markets: Dow Jones, S&P, Nasdaq, Wall StreetApril 1, 2026 5:07 AM
IH Market News
U.S. equity futures moved higher on Wednesday as investors grew more optimistic that Washington may be preparing to step back from the conflict in Iran. Oil prices also slipped below $100 per barrel, though they remain significantly above levels seen before the war began. Meanwhile, shares of Nike (NYSE:NKE) declined in after-hours trading following earnings, as sales weakness in China continues to weigh on the company.



Futures rise



U.S. stock futures pointed upward early Wednesday, with investors reacting positively to indications that the United States could soon wind down its military campaign in Iran, now entering its second month.As of 03:25 ET, Dow futures were up 270 points, or 0.6%, S&P 500 futures had gained 43 points, or 0.7%, and Nasdaq 100 futures were higher by 227 points, or 1.0%.Wall Street’s major indexes finished higher on Tuesday, supported by growing expectations that the United States may soon exit its joint military operations with Israel against Iran, a conflict that has expanded and raised concerns about broader regional escalation.Part of that optimism followed a report from the Wall Street Journal stating that U.S. President Donald Trump had told advisers he may be willing to end the war even if shipping through the Strait of Hormuz remains largely restricted. Analysts at Vital Knowledge said later comments from Trump to reporters and on social media appeared to confirm the report.Trump also repeated that negotiations with Iran are progressing positively, although officials in Tehran have often challenged that assertion. Iran has acknowledged that communications are ongoing between the two sides, and the country’s president said Iran has the “necessary will” to bring the conflict to an end if it receives assurances it will not face further attacks.“Risk sentiment has been stabilizing as equities recover and bond spreads ease. Amid the mixed messaging, there were already signs that U.S. President Trump was looking for a way out; markets pounced on headlines that the Iranian president was willing to end the conflict, albeit sticking to Iran’s demands,” analysts at ING wrote in a note.



Oil falls after Trump signals



Oil markets showed some of the clearest signs of easing investor anxiety, with prices retreating below the $100 mark on Wednesday.Brent crude, the global benchmark, was down 4.2% to $99.60 per barrel for the June futures contract. After the war began in late February, Brent surged to nearly $120 per barrel, compared with roughly $70 before the conflict.Much of the earlier surge was driven by the near shutdown of shipping through the Strait of Hormuz, the strategic passage along Iran’s southern coast that normally carries about 20% of global oil supplies. Ongoing threats from Iranian drones and missile attacks sharply reduced tanker traffic, raising concerns about disruptions to global energy supply.The energy price spike also heightened fears of renewed inflation, potentially forcing central banks to tighten monetary policy. These expectations pushed government bond yields higher and created additional pressure on equity markets.Speaking to reporters in the Oval Office on Tuesday, Trump said the United States would be “leaving very soon,” adding that Washington’s objective of neutralizing Iran’s nuclear threat had been “attained” and that a formal agreement was not necessary to conclude the conflict.However, Trump has not clarified what steps the U.S. intends to take regarding the Strait of Hormuz. On Tuesday he suggested that American allies should “take” responsibility for the waterway.



Gold rises



Gold prices continued to climb, extending gains for a fourth consecutive session during European trading.Spot gold moved back above $4,700 per ounce. The metal rose 3.5% on Tuesday as the U.S. dollar weakened, though it still declined by more than 11% during March, marking its worst monthly performance since October 2008.Higher interest rate expectations earlier in the month had weighed on the appeal of non-yielding gold. However, Federal Reserve Chair Jerome Powell helped calm some of those concerns this week, saying long-term U.S. inflation expectations remain stable and monetary policy is “in a good place to wait and see.”According to ING analysts, gold remains exposed to risks from tighter liquidity conditions and a stronger dollar, although they noted that “so far pullbacks have been met with buying rather than a loss of confidence.”Investors are also watching upcoming U.S. economic releases, particularly Friday’s nonfarm payrolls report, for clues about the future direction of monetary policy and currency markets.



Nike earnings



Away from geopolitical developments, Nike (NYSE:NKE) reported quarterly results that exceeded expectations on both revenue and earnings, but the company continued to face challenges in China and saw a decline in gross margin.Shares of the sportswear giant fell in extended trading.The results arrive as investors monitor CEO Elliott Hill’s turnaround strategy for signs of progress. The world’s largest footwear brand has been dealing with slowing revenue in China, margin pressure linked to tariffs and growing competition from brands such as China’s Anta and Li Ning, Switzerland’s On, and Deckers’ Hoka.Nike reported earnings of $0.35 per share on revenue of $11.28 billion for its fiscal third quarter. Analysts had forecast $0.30 per share in earnings on $11.23 billion in revenue.Sales in Greater China, which accounts for roughly 15% of Nike’s global revenue, fell 7% year over year to $1.62 billion, marking the seventh consecutive quarterly decline.



Microsoft energy project talks



In separate corporate news, Microsoft Corporation (NASDAQ:MSFT) is reportedly holding exclusive discussions with Chevron Corp (NYSE:CVX) and Engine No. 1 about developing a large-scale energy complex in West Texas to power a new data center hub, according to Bloomberg News.The proposed natural gas-powered facility could cost around $7 billion and initially generate 2,500 megawatts of electricity, people familiar with the matter told Bloomberg.The discussions come as Microsoft and other major artificial intelligence infrastructure providers race to expand computing capacity to support growing AI workloads, with reliable electricity supply becoming a crucial factor.Microsoft is expected to invest as much as $146 billion in AI-related capital expenditures during its 2026 fiscal year.Nike stock priceMicrosoft stock priceChevron stock price

Original: Futures edge higher while oil drops on hopes of Iran war de-escalation — what’s driving markets: Dow Jones, S&P, Nasdaq, Wall Street

NIKE, Inc. Reports Fiscal 2026 Third Quarter ResultsMarch 31, 2026 4:15 PM
Business Wire
NIKE, Inc. (NYSE:NKE) today reported fiscal 2026 financial results for its third quarter ended February 28, 2026.



Third quarter revenues were $11.3 billion, flat on a reported basis and down 3 percent on a currency-neutral basis*



Wholesale revenues were $6.5 billion, up 5 percent on a reported basis and up 1 percent on a currency-neutral basis



NIKE Direct revenues were $4.5 billion, down 4 percent on a reported basis and down 7 percent on a currency-neutral basis



Gross margin decreased 130 basis points to 40.2 percent



Diluted earnings per share was $0.35



"This quarter we took meaningful actions to improve the health and quality of our business. The pace of progress is different across the portfolio and the areas we prioritized first continue to drive momentum," said Elliott Hill, President and Chief Executive Officer, NIKE, Inc. "The work is not finished, but the direction is clear, our teams are moving with focus and urgency, and our foundation is getting even stronger to build the future of NIKE."


"We delivered third quarter results in line with our expectations, and our teams continue to execute with discipline," said Matthew Friend, Executive Vice President and Chief Financial Officer, NIKE, Inc. "Win Now actions will continue to impact results over the balance of the calendar year, and we remain confident in our ability to position the Company for profitable growth long-term."


Third Quarter Income Statement Review



Revenues for NIKE, Inc. were $11.3 billion, flat on a reported basis and down 3 percent on a currency-neutral basis.


NIKE Brand revenues were $11.0 billion, up 1 percent on a reported basis and down 2 percent on a currency-neutral basis, primarily due to declines in EMEA and Greater China, partially offset by growth in North America.



Wholesale revenues were $6.5 billion, up 5 percent on a reported basis and up 1 percent on a currency-neutral basis, primarily due to growth in North America.



NIKE Direct revenues were $4.5 billion, down 4 percent on a reported basis and down 7 percent on a currency-neutral basis, due to a 9 percent decrease in NIKE Brand Digital and a 5 percent decrease in NIKE-owned stores.



Revenues for Converse were $264 million, down 35 percent on a reported basis and down 37 percent on a currency-neutral basis, due to declines across all territories.






Gross margin decreased 130 basis points to 40.2 percent, primarily due to higher tariffs in North America.



Selling and administrative expense increased 2 percent to $4.0 billion.


Demand creation expense was $1.1 billion, flat compared to the prior year, as higher sports marketing expense and unfavorable changes in foreign currency exchange rates were offset by lower brand marketing expense.



Operating overhead expense was $2.9 billion, up 3 percent, due to employee severance costs and unfavorable changes in foreign currency exchange rates, partially offset by lower other administrative costs.






The effective tax rate was 20.0 percent compared to 5.9 percent for the same period last year, primarily due to a prior period one-time, non-cash deferred tax benefit provided by U.S. tax regulations related to foreign currency gains and losses.



Net income was $0.5 billion, down 35 percent, and Diluted earnings per share was $0.35, a decrease of 35 percent.



February 28, 2026 Balance Sheet Review



Inventories for NIKE, Inc. were $7.5 billion, down 1 percent, primarily reflecting a decrease in units and product mix shifts, partially offset by increased product costs, primarily due to higher tariffs in North America.



Cash and equivalents and short-term investments were $8.1 billion, down approximately $2.3 billion, as cash generated by operations was more than offset by cash dividends, bond repayment, capital expenditures and share repurchases.



Shareholder Returns


NIKE has a strong track record of returns to shareholders, including 24 consecutive years of increasing dividend payouts. In the third quarter, the Company returned approximately $609 million to shareholders through dividends, up 3 percent from the prior year.


Conference Call


NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on March 31, 2026, to review fiscal third quarter results. The conference call will be broadcast live via the Internet and can be accessed at https://investors.nike.com. For those unable to listen to the live broadcast, an archived version will be available at the same location through approximately 9:00 p.m. PT, April 23, 2026.


About NIKE, Inc.


NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at https://investors.nike.com. Individuals can also visit https://news.nike.com and follow @NIKE.


Forward-Looking Statements


This press release contains forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are detailed from time to time in reports filed by NIKE with the U.S. Securities and Exchange Commission (SEC), including Forms 8-K, 10-Q and 10-K.




*







Non-GAAP financial measure. See additional information in the accompanying Divisional Revenues table.







(Tables Follow)




NIKE, Inc.








CONSOLIDATED STATEMENTS OF INCOME








(Unaudited)








 






 






 






 








 






 






 






 






 






 








(In millions, except per share data)






THREE MONTHS ENDED






%






NINE MONTHS ENDED






%








2/28/2026






2/28/2025






Change






2/28/2026






2/28/2025






Change








Revenues






$






11,279






 






$






11,269






 






0






%






$






35,426






 






$






35,212






 






1






%








Cost of sales






 






6,749






 






 






6,594






 






2






%






 






20,908






 






 






19,891






 






5






%








Gross profit






 






4,530






 






 






4,675






 






-3






%






 






14,518






 






 






15,321






 






-5






%








Gross margin






 






40.2






%






 






41.5






%






 






 






41.0






%






 






43.5






%






 








 






 






 






 






 






 






 








Demand creation expense






 






1,090






 






 






1,088






 






0






%






 






3,551






 






 






3,436






 






3






%








Operating overhead expense






 






2,887






 






 






2,799






 






3






%






 






8,481






 






 






8,504






 






0






%








Total selling and administrative expense






 






3,977






 






 






3,887






 






2






%






 






12,032






 






 






11,940






 






1






%








% of revenues






 






35.3






%






 






34.5






%






 






 






34.0






%






 






33.9






%






 








 






 






 






 






 






 






 








Interest (income) expense, net






 






(15






)






 






(18






)






—






 






 






(42






)






 






(85






)






—






 








Other (income) expense, net






 






(82






)






 






(38






)






—






 






 






(43






)






 






(101






)






—






 








Income before income taxes






 






650






 






 






844






 






-23






%






 






2,571






 






 






3,567






 






-28






%








Income tax expense






 






130






 






 






50






 






160






%






 






532






 






 






559






 






-5






%








Effective tax rate






 






20.0






%






 






5.9






%






 






 






20.7






%






 






15.7






%






 








 






 






 






 






 






 






 








NET INCOME






$






520






 






$






794






 






-35






%






$






2,039






 






$






3,008






 






-32






%








 






 






 






 






 






 






 








Earnings per common share:






 






 






 






 






 






 








Basic






$






0.35






 






$






0.54






 






-35






%






$






1.38






 






$






2.02






 






-32






%








Diluted






$






0.35






 






$






0.54






 






-35






%






$






1.38






 






$






2.02






 






-32






%








 






 






 






 






 






 






 








Weighted average common shares outstanding:






 






 






 






 






 






 








Basic






 






1,480.5






 






 






1,478.1






 






 






 






1,478.9






 






 






1,487.6






 






 








Diluted






 






1,481.6






 






 






1,480.6






 






 






 






1,480.4






 






 






1,491.0






 






 








 






 






 






 






 






 






 








Dividends declared per common share






$






0.410






 






$






0.400






 






 






$






1.220






 






$






1.170






 






 









NIKE, Inc.








CONSOLIDATED BALANCE SHEETS








(Unaudited)








 






 






 






 








 






 






 






 








 






February 28,






February 28,






%




Change








(Dollars in millions)






2026






2025








ASSETS






 






 






 








Current assets:






 






 






 








Cash and equivalents






$






6,660







$






8,601







-23






%








Short-term investments






 






1,397






 






 






1,792






 






-22






%








Accounts receivable, net






 






5,369






 






 






4,491






 






20






%








Inventories






 






7,487






 






 






7,539






 






-1






%








Prepaid expenses and other current assets






 






2,271






 






 






2,186






 






4






%








Total current assets






 






23,184






 






 






24,609






 






-6






%








Property, plant and equipment, net






 






4,766






 






 






4,717






 






1






%








Operating lease right-of-use assets, net






 






2,886






 






 






2,614






 






10






%








Identifiable intangible assets, net






 






259






 






 






259






 






0






%








Goodwill






 






240






 






 






239






 






0






%








Deferred income taxes and other assets






 






5,729






 






 






5,355






 






7






%








TOTAL ASSETS






$






37,064






 






$






37,793






 






-2






%








LIABILITIES AND SHAREHOLDERS’ EQUITY






 






 






 








Current liabilities:






 






 






 








Current portion of long-term debt






$






999






 






$






1,000






 






0






%








Notes payable






 






—






 






 






4






 






-100






%








Accounts payable






 






2,888






 






 






3,106






 






-7






%








Current portion of operating lease liabilities






 






493






 






 






474






 






4






%








Accrued liabilities






 






6,183






 






 






5,905






 






5






%








Income taxes payable






 






275






 






 






734






 






-63






%








Total current liabilities






 






10,838






 






 






11,223






 






-3






%








Long-term debt






 






7,030






 






 






7,956






 






-12






%








Operating lease liabilities






 






2,656






 






 






2,477






 






7






%








Deferred income taxes and other liabilities






 






2,450






 






 






2,130






 






15






%








Redeemable preferred stock






 






—






 






 






—






 






—






 








Shareholders’ equity






 






14,090






 






 






14,007






 






1






%








TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY






$






37,064






 






$






37,793






 






-2






%









NIKE, Inc.








DIVISIONAL REVENUES








(Unaudited)








 






 






 






 






 






 






 






 






 








 






 






 






 






 






 






 






 






 








 






 






 






 






% Change Excluding Currency Changes1






 






 






 






% Change Excluding Currency Changes1








 






THREE MONTHS ENDED






%






NINE MONTHS ENDED






%








(Dollars in millions)






2/28/2026






2/28/2025






Change






2/28/2026






2/28/2025






Change








North America






 






 






 






 






 






 






 






 








Footwear






$






3,326







$






3,132






 






6






%






6






%






$






10,087






 






$






9,580






 






5






%






5






%








Apparel






 






1,480






 






 






1,510






 






-2






%






-2






%






 






4,765






 






 






4,534






 






5






%






5






%








Equipment






 






220






 






 






222






 






-1






%






-1






%






 






827






 






 






755






 






10






%






10






%








Total






 






5,026






 






 






4,864






 






3






%






3






%






 






15,679






 






 






14,869






 






5






%






5






%








Europe, Middle East & Africa






 






 






 






 






 






 






 






 








Footwear






 






1,789






 






 






1,742






 






3






%






-7






%






 






5,822






 






 






5,676






 






3






%






-3






%








Apparel






 






926






 






 






913






 






1






%






-8






%






 






3,228






 






 






3,042






 






6






%






0






%








Equipment






 






159






 






 






156






 






2






%






-8






%






 






547






 






 






539






 






1






%






-5






%








Total






 






2,874






 






 






2,811






 






2






%






-7






%






 






9,597






 






 






9,257






 






4






%






-2






%








Greater China






 






 






 






 






 






 






 






 








Footwear






 






1,187






 






 






1,282






 






-7






%






-10






%






 






3,250






 






 






3,731






 






-13






%






-14






%








Apparel






 






397






 






 






412






 






-4






%






-7






%






 






1,201






 






 






1,244






 






-3






%






-5






%








Equipment






 






31






 






 






39






 






-21






%






-22






%






 






99






 






 






135






 






-27






%






-27






%








Total






 






1,615






 






 






1,733






 






-7






%






-10






%






 






4,550






 






 






5,110






 






-11






%






-12






%








Asia Pacific & Latin America






 






 






 






 






 






 






 






 








Footwear






 






1,051






 






 






1,052






 






0






%






-3






%






 






3,263






 






 






3,338






 






-2






%






-3






%








Apparel






 






381






 






 






358






 






6






%






4






%






 






1,209






 






 






1,143






 






6






%






5






%








Equipment






 






58






 






 






60






 






-3






%






-7






%






 






175






 






 






195






 






-10






%






-11






%








Total






 






1,490






 






 






1,470






 






1






%






-2






%






 






4,647






 






 






4,676






 






-1






%






-2






%








Global Brand Divisions2






 






7






 






 






12






 






-42






%






-37






%






 






25






 






 






39






 






-36






%






-34






%








TOTAL NIKE BRAND






 






11,012






 






 






10,890






 






1






%






-2






%






 






34,498






 






 






33,951






 






2






%






0






%








Converse






 






264






 






 






405






 






-35






%






-37






%






 






930






 






 






1,335






 






-30






%






-32






%








Corporate3






 






3






 






 






(26






)






—






 






—






 






 






(2






)






 






(74






)






—






 






—






 








TOTAL NIKE, INC. REVENUES






$






11,279






 






$






11,269






 






0






%






-3






%






$






35,426






 






$






35,212






 






1






%






-1






%








 






 






 






 






 






 






 






 






 








TOTAL NIKE BRAND






 






 






 






 






 






 






 






 








Footwear






$






7,353






 






$






7,208






 






2






%






-1






%






$






22,422






 






$






22,325






 






0






%






-1






%








Apparel






 






3,184






 






 






3,193






 






0






%






-4






%






 






10,403






 






 






9,963






 






4






%






2






%








Equipment






 






468






 






 






477






 






-2






%






-6






%






 






1,648






 






 






1,624






 






1






%






-1






%








Global Brand Divisions2






 






7






 






 






12






 






-42






%






-37






%






 






25






 






 






39






 






-36






%






-34






%








TOTAL NIKE BRAND REVENUES






$






11,012






 






$






10,890






 






1






%






-2






%






$






34,498






 






$






33,951






 






2






%






0






%








1 The percent change has been calculated using actual exchange rates in use during the comparative prior year period and is provided to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure. Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes this non-GAAP financial measure provides investors with additional financial information that should be considered when assessing the Company's underlying business performance and trends. References to this measure should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies.








2 Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment.








3 Corporate revenues primarily consist of foreign currency hedge gains and losses related to revenues generated by entities within the NIKE Brand geographic operating segments and Converse, but managed through the Company's central foreign exchange risk management program.









NIKE, Inc.








EARNINGS BEFORE INTEREST AND TAXES ("EBIT")1








(Unaudited)








 






 






 






 






 






 








 






 






 






 






 






 








 






THREE MONTHS ENDED






%






NINE MONTHS ENDED






%








(Dollars in millions)






2/28/2026






2/28/2025






Change






2/28/2026






2/28/2025






Change








North America






$






981






 






$






1,103






 






-11






%






$






3,376






 






$






3,690






 






-9






%








Europe, Middle East & Africa






 






515






 






 






480






 






7






%






 






1,983






 






 






2,103






 






-6






%








Greater China






 






467






 






 






421






 






11






%






 






1,035






 






 






1,298






 






-20






%








Asia Pacific & Latin America






 






332






 






 






346






 






-4






%






 






1,071






 






 






1,208






 






-11






%








Global Brand Divisions2






 






(1,209






)






 






(1,093






)






-11






%






 






(3,473






)






 






(3,453






)






-1






%








TOTAL NIKE BRAND EBIT1






 






1,086






 






 






1,257






 






-14






%






 






3,992






 






 






4,846






 






-18






%








Converse






 






(40






)






 






39






 






-203






%






 






(5






)






 






213






 






-102






%








Corporate3






 






(411






)






 






(470






)






13






%






 






(1,458






)






 






(1,577






)






8






%








TOTAL NIKE, INC. EBIT1






 






635






 






 






826






 






-23






%






 






2,529






 






 






3,482






 






-27






%








Interest (income) expense, net






 






(15






)






 






(18






)






—






 






 






(42






)






 






(85






)






—






 








Income tax expense






 






130






 






 






50






 






160






%






 






532






 






 






559






 






-5






%








NET INCOME






$






520






 






$






794






 






-35






%






$






2,039






 






$






3,008






 






-32






%








 






 






 






 






 






 






 








Total NIKE, Inc. Revenues






$






11,279






 






$






11,269






 






0






%






$






35,426






 






$






35,212






 






1






%








Net income margin






 






4.6






%






 






7.0






%






 






 






5.8






%






 






8.5






%






 








EBIT margin1






 






5.6






%






 






7.3






%






 






 






7.1






%






 






9.9






%






 








1 Total NIKE Brand EBIT, Total NIKE, Inc. EBIT and EBIT margin are considered non-GAAP financial measures. EBIT is calculated as Net income before Interest (income) expense, net and Income tax expense. EBIT margin is calculated as total NIKE, Inc. EBIT divided by total NIKE, Inc. Revenues. References to EBIT and EBIT margin should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. Management uses these non-GAAP financial measures when evaluating the Company's performance, including segment performance, when making financial and operating decisions. Additionally, management believes these non-GAAP financial measures provide investors with additional financial information that should be considered when assessing the Company's underlying business performance and trends.








2 Global Brand Divisions primarily represents costs, including product creation and design expenses, that are centrally managed for the NIKE Brand, as well as costs associated with NIKE Direct global digital operations and enterprise technology. Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment.








3 Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Company's corporate headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses, including certain hedge gains and losses.







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260331499467/en/
Investor Contact:

Paul Trussell

investor.relations@nike.com


Media Contact:

Sandra Carreon-John

media.relations@nike.com


Original: NIKE, Inc. Reports Fiscal 2026 Third Quarter Results