NIKE, Inc. reported fiscal 2026 revenue of $46.4B and diluted EPS of $2.1, with net income of $3.11B, largely flat versus fiscal 2025 as currency-neutral weakness in Greater China and Converse offset gains in wholesale.
Financial Highlights
| MetricCurrent yearPrior yearYoY change | Revenue¹$46.4B$46.31B0.2% | Net income²$3.11B$3.22B(3.4%) | Diluted EPS³$2.1$2.16(2.8%) |
¹ Reported as “Revenues”. ² Reported as “Net income”. ³ Reported as “Diluted earnings per common share”.
Business Highlights
- Revenue was essentially flat year-over-year; on a currency-neutral basis the company said revenue declined about 2%, driven by weakness in Greater China and Converse.
- Channel mix shifted: NIKE Brand wholesale grew (NIKE Brand wholesale at $27.5B) while NIKE Direct declined 6% due to lower digital traffic and weaker store comps.
- Management prioritized product innovation, reduced certain footwear supply, and repositioned NIKE Brand Digital toward full-price selling.
- Inventory actions included elevated markdowns to liquidate excess stock and reinvestment in wholesale and demand-creation activities including brand and sports marketing.
- Operational cost actions included a workforce realignment with $385M of severance and ongoing supply chain and technology cost reductions through December 2026.
Original SEC Filing:
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