The earnings call presented a mix of strategic advancements and significant financial challenges. While NIKE is making tangible progress with innovative product launches and improving its wholesale order book, the call highlighted substantial revenue declines and ongoing struggles in key markets like Greater China. Additionally, new tariffs are introducing a substantial financial burden, though mitigation efforts are underway.

Company Guidance -

Q1 2026

During NIKE, Inc.'s Fiscal 2025 Fourth Quarter Conference Call, the company provided guidance for the upcoming fiscal year, focusing on its strategic "Win Now" actions and sport offense realignment. In fiscal '26, NIKE anticipates a mid-single-digit revenue decline in Q1, with gross margins down by 350 to 425 basis points, partly due to new tariffs, which are expected to have a 75 basis point impact on gross margin for the entire year. The company's holiday order book is up, indicating positive momentum in wholesale, particularly in North America, EMEA, and APLA. NIKE's inventory management is on track, with expectations to exit the first half of fiscal '26 in a healthy state. The company is also working on mitigating a $1 billion tariff cost over time through various strategies, including optimizing its sourcing mix and implementing surgical price increases. While Greater China remains challenging, with a 20% revenue decline in Q4, NIKE is focused on refreshing its brand presence and product offering in the region. The company remains committed to returning to sustainable profitable growth, leveraging its strong brand portfolio and market presence.

Innovative Product Launches

NIKE launched innovative products such as the Vomero 18, which quickly became a $100 million-plus franchise. The women's basketball business expanded by more than 50% this fiscal year, highlighted by the successful launch of A'ja Wilson's Signature Collection, which sold out in 3 minutes.

Wholesale Order Book Improvement

NIKE's holiday order book is up, indicating growing confidence from wholesale partners. North America, EMEA, and APLA showed growth in orders, offsetting challenges in Greater China.

Resilient Marketplace Strategy

NIKE is expanding its distribution through strategic partnerships, including a new partnership with Amazon. The company is also making progress in cleaning up the marketplace, especially in North America and EMEA.

Nike (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

Daily Earnings Calendar >

NKE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 25, 2025	2026 (Q1)	0.27 / -	0.7	―	―	―
Jun 26, 2025	2025 (Q4)	0.13 / 0.14	1.01	-86.14% (-0.87)	―
Mar 20, 2025	2025 (Q3)	0.30 / 0.54	0.98	-44.90% (-0.44)	―
Dec 19, 2024	2025 (Q2)	0.67 / 0.78	1.03	-24.27% (-0.25)	―
Oct 01, 2024	2025 (Q1)	0.52 / 0.70	0.94	-25.53% (-0.24)	―
Jun 27, 2024	2024 (Q4)	0.84 / 1.01	0.66	53.03% (+0.35)	―
Mar 21, 2024	2024 (Q3)	0.76 / 0.98	0.79	24.05% (+0.19)	―
Dec 21, 2023	2024 (Q2)	0.84 / 1.03	0.85	21.18% (+0.18)	―
Sep 28, 2023	2024 (Q1)	0.76 / 0.94	0.93	1.08% (<+0.01)	―
Jun 29, 2023	2023 (Q4)	0.68 / 0.66	0.9	-26.67% (-0.24)	―

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

NKE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 26, 2025	$62.54	$72.04	+15.19%
Mar 20, 2025	$71.38	$67.49	-5.45%
Dec 19, 2024	$76.20	$76.05	-0.20%
Oct 01, 2024	$87.65	$81.72	-6.77%

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.