The earnings call reflects a challenging period for NIKE with significant revenue declines and gross margin pressures. However, strategic realignments and partnerships, alongside improvements in the order book, offer positive signs for future growth.

Company Guidance -

Q1 2026

During NIKE's Fiscal 2025 Fourth Quarter Conference Call, the company provided detailed guidance for the upcoming fiscal year, underscoring their "Win Now" actions aimed at repositioning the brand for growth. For the first quarter of fiscal 2026, they anticipate revenues to decline by mid-single digits due to ongoing inventory liquidation and digital traffic challenges. Gross margins are expected to decrease by 350 to 425 basis points, impacted by new tariffs which present a $1 billion cost headwind, with a net effect of 75 basis points on the year's gross margins. Despite these challenges, NIKE reported progress in cleaning up the marketplace and aligning their product portfolio, with wholesale order books showing improvement for the holiday season, indicating growing partner confidence. The company emphasized its commitment to building a more premium NIKE Direct experience and expanding distribution strategically, including a new partnership with Amazon. Looking beyond the immediate term, NIKE reiterated its ambition to return to sustainable growth and double-digit operating margins, leveraging its sport offense realignment and disciplined expense management.

NIKE's Win Now Actions and Realignment

NIKE has implemented Win Now actions and a sport offense realignment to reposition its brands and business for future growth. This includes a focus on sport-obsessed teams to drive innovation and growth across NIKE, Jordan, and Converse brands.

Improvements in NIKE's Order Book

There is an improvement in the holiday order book, with growth seen in North America, EMEA, and APLA, only partially offset by Greater China. This indicates progress with wholesale partners and confidence in the product portfolio.

Strategic Partnership with Amazon

NIKE announced a new partnership with Amazon to carry a select assortment of footwear, apparel, and accessories, contributing to the integrated marketplace strategy.

Innovative Product Launches

NIKE introduced products such as the Vomero 18, which became a $100 million franchise in just over 90 days, and A'ja Wilson's Signature Collection, which sold out in 3 minutes on NIKE Digital in North America.

Nike (DE:NKE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:NKE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 25, 2025	2026 (Q1)	0.23 / -	0.598	―	―	―
Jun 26, 2025	2025 (Q4)	0.11 / 0.12	0.863	-86.14% (-0.74)	―
Mar 20, 2025	2025 (Q3)	0.26 / 0.46	0.837	-44.90% (-0.38)	―
Dec 19, 2024	2025 (Q2)	0.57 / 0.67	0.88	-24.27% (-0.21)	―
Oct 01, 2024	2025 (Q1)	0.44 / 0.60	0.803	-25.53% (-0.21)	―
Jun 27, 2024	2024 (Q4)	0.72 / 0.86	0.564	53.03% (+0.30)	―
Mar 21, 2024	2024 (Q3)	0.65 / 0.84	0.675	24.05% (+0.16)	―
Dec 21, 2023	2024 (Q2)	0.72 / 0.88	0.726	21.18% (+0.15)	―
Sep 28, 2023	2024 (Q1)	0.65 / 0.80	0.795	1.08% (<+0.01)	―
Jun 29, 2023	2023 (Q4)	0.58 / 0.56	0.769	-26.67% (-0.21)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:NKE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 26, 2025	€52.84	€61.84	+17.03%
Mar 20, 2025	€66.49	€62.49	-6.02%
Dec 19, 2024	€73.26	€72.62	-0.86%
Oct 01, 2024	€79.09	€74.71	-5.53%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.