NIKE, Inc. (NKE) Earnings Call Transcripts
NIKE, Inc.'s Latest Earnings Call - Q4 FY2026
In the fourth quarter of fiscal 2026, NIKE, Inc. reported a revenue decline of 1% year-over-year, with earnings per share (EPS) of $0.72, which was in line with expectations. The company highlighted challenges in the macro environment affecting discretionary spending, particularly in Sportswear and Jordan Streetwear, which saw double-digit declines. Management signaled a cautious outlook for fiscal 2027, expecting revenue to decline low to mid-single digits while emphasizing a focus on improving gross margins and operational efficiency.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $12.4B (miss) |
| EPS | $0.72 (inline) |
| Gross Margin | 49.2% (beat) |
| NIKE Direct Revenue | $3.5B (miss) |
| Inventory | flat YoY (neutral) |
| Wholesale Revenue | $4.2B (inline) |
Guidance from management
Management expects revenue to decline low to mid-single digits in fiscal 2027, with gross margins anticipated to improve earlier than previously expected. They remain focused on operational efficiency and cost management.
What analysts pressed on
Analysts expressed concerns regarding the ongoing challenges in the Sportswear segment and the impact of macroeconomic pressures on consumer spending. There were questions about the effectiveness of inventory management strategies and the outlook for revenue growth in key markets like China.
Main topics on the call
- Revenue Decline — NIKE's revenue for Q4 FY26 decreased by 1% on a reported basis and 4% on a currency-neutral basis, primarily due to declines in Greater China and EMEA. Management noted, "the operating environment became more challenging...
- Performance Sports Growth — Despite overall revenue challenges, NIKE's performance sports segment grew mid-single digits, with notable strength in running and global football. Elliott Hill stated, "the success of our athletes is fueling energy for ...
- Tariff Recovery Benefit — A one-time benefit of $986 million related to tariff recovery positively impacted gross margins, which were reported at 49.2%. Excluding this benefit, gross margin would have been 40.2%, reflecting ongoing cost pressures...
- China Market Strategy — NIKE reiterated its commitment to the Chinese market, emphasizing a need for premium positioning and cultural relevance. Elliott Hill stated, "We are going to take additional actions to reimagine the marketplace," indica...
Read the full NIKE, Inc. transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About NIKE, Inc.
NIKE, Inc. (NKE) is a publicly listed company in the Textiles, Apparel and Luxury Goods industry, within the Consumer Discretionary sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 28 calls on record spanning March 24, 2020 to June 30, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 28 NIKE, Inc. earnings call transcripts on record, spanning March 24, 2020 to June 30, 2026. Based on this history, NIKE, Inc. reports quarterly. The most recent call on file is dated June 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- NKE
- Exchange
- NYSE
- Country
- US
- Sector
- Consumer Discretionary
- Calls on record
- 28
- First call
- March 24, 2020
- Most recent
- June 30, 2026
- Reporting cadence
- quarterly