iHub News
2月前
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
iHub News
2月前
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
US Market News
2月前
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
US Market News
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DICK'S Sporting Goods and NIKE, Inc. Enlist Dave "Lil Dicky" Burd and Diana Taurasi to Find the Next Generation of Hoopers with "The Scouts Are Out" CampaignMarch 17, 2026 12:00 PM
PR Newswire (US)
Also featured are Jayson Tatum, Sabrina Ionescu, Shai Gilgeous-Alexander, Stephon Castle and Tyran StokesPITTSBURGH, March 17, 2026 /PRNewswire/ -- Today, DICK'S Sporting Goods (NYSE: DKS), in collaboration with NIKE, Inc. (NYSE: NKE), unveiled "The Scouts are Out", a new campaign launching ahead of basketball's biggest month. Built around an unexpected, yet logical idea – the best place to scout the game's top talent is DICK'S – the campaign consists of a series of videos that feature a roster of Nike, Jordan Brand and Converse athletes, and highlights March as a pivotal time when young hoopers showcase their skills and rise in the ranks.
In the anthem spot, which draws inspiration from movie trailer storytelling, rapper and comedian Dave "Lil Dicky" Burd and WNBA legend Diana Taurasi play veteran scouts on the hunt for the next generation of hoopers. Their go-to scouting grounds? A place where future and present stars of the game walk right through the doors – DICK'S Sporting Goods. With cameos from 2024 NBA Champion and NBA All-Star Jayson Tatum, 2024 WNBA Champion and WNBA All-Star Sabrina Ionescu, 2025 NBA Champion and MVP Shai Gilgeous-Alexander, 2025 NBA Rookie of the Year Stephon Castle, and the consensus top high school recruit Tyran Stokes, "The Scouts are Out" positions DICK'S "the best place you could ever scout anything"."March is when the spotlight gets brighter for basketball players everywhere," said Melissa Christian, VP of Brand Building at DICK'S Sporting Goods. "We're having fun with that idea by celebrating how everyone from household names to the next wave of talent comes to DICK'S, because they know we have the gear, and expertise, they need to level-up their game."The campaign is running now across broadcast, online video and social media, with the remaining spots releasing over the coming weeks. Hoopers and fans everywhere can gear up for March at DICK'S locations nationwide, online at DICKS.com and on the DICK'S mobile app."The Scouts are Out" marks the second time DICK'S and NIKE, Inc. have joined forces on an ad campaign of this caliber. The first time was in 2023 when the brands collaborated on "Sports Change Lives", which consisted of personal stories from 10 Nike and Jordan Brand athletes, spotlighting the ways sports have changed their lives.About DICK'S Sporting Goods, Inc.
DICK'S Sporting Goods creates confidence and excitement by inspiring, supporting and personally equipping all athletes to achieve their dreams. Founded in 1948 and headquartered in Pittsburgh, DICK'S is a leading omni-channel retailer and an iconic brand in sport and culture. Its banners include DICK'S Sporting Goods, Golf Galaxy, Public Lands and Going Going Gone! in addition to the experiential retail concepts DICK'S House of Sport and Golf Galaxy Performance Center. As owner and operator of the Foot Locker Business, including Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos, DICK'S serves the global sneaker community across North America, Europe, Asia and Australia, plus a licensed store presence in Europe, the Middle East and Asia. DICK'S also owns and operates GameChanger, a youth sports mobile platform for live streaming, scheduling, communications and scorekeeping. Driven by its belief that sports have the power to change lives, DICK'S has been a longtime champion for youth sports and, together with its Foundation, has donated millions of dollars to support under-resourced teams and athletes through the Sports Matter program and other community-based initiatives. Additional information about DICK'S business, corporate giving and employment opportunities can be found on dicks.com, investors.dicks.com, sportsmatter.org, dickssportinggoods.jobs and on Instagram, TikTok, Facebook and X.Media Contacts
DICK'S Sporting Goods – press@dcsg.comCategory: Company
View original content to download multimedia:https://www.prnewswire.com/news-releases/dicks-sporting-goods-and-nike-inc-enlist-dave-lil-dicky-burd-and-diana-taurasi-to-find-the-next-generation-of-hoopers-with-the-scouts-are-out-campaign-302716207.htmlSOURCE DICK'S Sporting Goods, Inc.
Original: DICK'S Sporting Goods and NIKE, Inc. Enlist Dave "Lil Dicky" Burd and Diana Taurasi to Find the Next Generation of Hoopers with "The Scouts Are Out" Campaign
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