NIKE (NYSE:NKE) Issues Earnings Results

Posted by Brian Himes on Jul 2nd, 2026

NIKE (NYSE:NKE – Get Free Report) issued its quarterly earnings results on Tuesday. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.09, Zacks reports. NIKE had a return on equity of 16.83% and a net margin of 6.70%.The firm had revenue of $10.97 billion during the quarter, compared to analyst estimates of $10.85 billion. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year.

Here are the key takeaways from NIKE’s conference call:

NIKE said its performance business continued to strengthen, with running delivering five straight quarters of double-digit growth and roughly $1 billion of added business over that stretch. Management also highlighted share gains in running across Western Europe and North America.
The company is leaning into its new Sport Offense operating model, moving about 8,000 employees into sport-focused teams and simplifying supply chain and technology to improve speed and execution. Leadership framed this as the foundation for longer-term growth rather than a near-term fix.
Sportswear and Jordan streetwear remain weak, with sell-through still challenged and management expecting both businesses to stay negative in fiscal 2027. NIKE said these categories represent about half of revenue, making their recovery critical to a broader turnaround.
North America showed the clearest momentum, with Q4 revenue up 3% and wholesale up 10%, while Foot Locker became positive on both revenue and retail sales for the first time in four years. Management said the region is leading the company’s comeback and that its marketplace cleanup is improving profitability.
NIKE took a major one-time tariff recovery benefit of $986 million in Q4, which boosted reported EPS and gross margin; excluding it, gross margin was essentially flat year over year. Even so, tariffs remain a headwind, and the company is guiding for revenue down low-to-mid single digits with gross margin expansion beginning earlier in fiscal 2027.

NIKE Trading Up 5.0%

Shares of NKE opened at $43.11 on Thursday. NIKE has a 1-year low of $40.00 and a 1-year high of $80.17. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average price is $43.94 and its 200-day moving average price is $53.39. The firm has a market capitalization of $63.84 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.79 and a beta of 1.12.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.8%. NIKE’s payout ratio is presently 108.61%.

Key NIKE News

Here are the key news stories impacting NIKE this week:

Positive Sentiment: NIKE delivered a stronger-than-expected Q4, with EPS of $0.20 topping estimates and revenue of $10.97 billion also coming in above forecasts, helping fuel a rebound in the stock. NIKE, Inc. Reports Fiscal 2026 Fourth Quarter and Full Year Results
Positive Sentiment: Several analysts remain constructive on NIKE, with firms including Jefferies and Robert W. Baird maintaining bullish views and signaling meaningful upside if the turnaround gains traction. Analyst rating updates on NIKE
Neutral Sentiment: Commentary around the earnings call suggests NIKE is in a “margin-first reset,” prioritizing inventory discipline and profitability improvements over faster revenue growth. Nike Inc. Earnings Call Shows Strength Amid Reset
Neutral Sentiment: Despite the earnings beat, several reports note that NIKE’s valuation looks more reasonable than before but not obviously cheap, leaving investors split on whether the recent move is the start of a durable recovery. Nike (NKE) Stock May Be A Bargain On Earnings But Fully Priced On Cash Flow
Negative Sentiment: NIKE’s turnaround is being questioned because sales fell year over year and China revenue dropped sharply, reinforcing concerns that recovery will take longer than expected. Nike’s Sales Continue to Decline as China Weakness Persists
Negative Sentiment: Multiple brokerages cut price targets after the report, and some called the recovery “choppy,” which may keep a lid on the stock even after the earnings beat. Nike Results, Downgraded Sales Forecast Indicate ‘Choppy’ Recovery, BofA Says

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NKE. Piper Sandler reduced their price objective on NIKE from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday. BTIG Research reaffirmed a “buy” rating and issued a $55.00 target price (down from $75.00) on shares of NIKE in a research note on Thursday, June 25th. Wells Fargo & Company reduced their price target on shares of NIKE from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Royal Bank Of Canada restated a “neutral” rating on shares of NIKE in a report on Wednesday. Finally, Zacks Research cut shares of NIKE from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Fourteen research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $56.04.

Get Our Latest Research Report on NIKE

Insider Buying and Selling

In related news, Director John W. Rogers, Jr. acquired 4,000 shares of the stock in a transaction on Thursday, April 9th. The stock was acquired at an average cost of $43.34 per share, for a total transaction of $173,360.00. Following the completion of the acquisition, the director directly owned 41,022 shares of the company’s stock, valued at approximately $1,777,893.48. This represents a 10.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy D. Cook acquired 25,000 shares of the business’s stock in a transaction on Friday, April 10th. The stock was acquired at an average price of $42.43 per share, for a total transaction of $1,060,750.00. Following the acquisition, the director owned 130,480 shares of the company’s stock, valued at approximately $5,536,266.40. This trade represents a 23.70% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 64,441 shares of company stock valued at $2,734,204 over the last quarter. 0.80% of the stock is currently owned by insiders.

Institutional Trading of NIKE

Several hedge funds and other institutional investors have recently made changes to their positions in NKE. J.Safra Asset Management Corp purchased a new position in NIKE during the fourth quarter valued at $29,000. Kemnay Advisory Services Inc. bought a new position in shares of NIKE during the fourth quarter valued at $30,000. Prosperity Bancshares Inc bought a new position in shares of NIKE during the fourth quarter valued at $32,000. Litman Gregory Wealth Management LLC purchased a new position in shares of NIKE in the 4th quarter worth about $32,000. Finally, Jessup Wealth Management Inc purchased a new position in shares of NIKE in the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

About NIKE

(Get Free Report)

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).