NIKE, Inc. (NKE) Announced Q4 2026 Earnings on June 30, 2026, Reporting "revenues were down 1% on a reported basis and down 4% on a currency-neutral basis."

For the fourth quarter of fiscal 2026, Executive Vice President and Chief Financial Officer Matt Friend stated that "revenues were down 1% on a reported basis and down 4% on a currency-neutral basis." Friend noted that "Nike Direct was down 9%, with Nike Digital declining 12% and Nike Stores down 7%", while "Wholesale grew 1%." The company reported that "Gross margin was 49.2%, up 890 basis points versus the prior year", which was driven by a benefit related to the recovery of incremental tariffs. "Earnings per share for the quarter was $0.72" and "Inventory was flat versus the prior year". For the full year, "revenue was flat on a reported basis and down 2% on a currency-neutral basis."President and Chief Executive Officer Elliott Hill highlighted progress on the company's "win now priorities" and the implementation of the "Sport Offense", noting they have moved "about 8,000 teammates into verticals sport teams under our new operating model". While the performance business "grew mid-single digits this fiscal year", Hill acknowledged that "sell-through remains challenged" in Nike Sportswear and Jordan Streetwear.

Friend added that they are making progress "reducing classic footwear franchises by more than $2 billion". In Greater China, the company's "House of Innovation in Shanghai, posted double-digit growth for the quarter", and they are seeing "recovery in full price realization on digital" following actions to reduce promotions.

Regarding forward guidance, management stated they "now expect revenue to be down low- to mid-single digits, with Q2 having a sequential deceleration from Q1". For the first quarter specifically, they "expect reported revenues to be down low- to mid-single digits" and "expect gross margin in Q1 to be slightly positive." Leadership highlighted product innovations, including the "PEG 42" and "Aero-FIT", and announced that "Shai Gilgeous-Alexander has joined the Nike Basketball family" as part of a move allowing Converse to fully focus on its lifestyle business.

They also highlighted that "revenue growth and retail sales comp with Foot Locker was positive for the first time in 4 years".