1. Jul 2026
Description
(AWP Alliance News) - Nike published prepared remarks from its Q4 fiscal 2026 earnings call attended by President and CEO Elliott Hill, EVP and CFO Matt Friend, and VP of Corporate Finance and Treasurer Paul Trussell. Management flagged ongoing pressure on discretionary spending, with Nike Sportswear and Jordan Streetwear still weighing on sell-through, discounting, and future orders, while performance categories delivered mid-single-digit growth and wholesale revenue rose 4% for the year.
Friend disclosed a one-time USD 986 million benefit tied to the expected recovery of incremental IEEPA tariffs, lifting Q4 gross margin to 49.2% and Q4 EPS to USD 0.72, while excluding the benefit EPS was USD 0.20. For Q1, the company guided to reported revenue down low- to mid-single digits, with gross margin expected to turn slightly positive and SG&A dollars flat as demand creation rises high single digits. Management now expects revenue down low- to mid-single digits across Q4 through Q2, with earlier gross margin expansion starting in Q1, based on incremental tariff rates assumed at 10% through July and 15% thereafter.
https://docs.publicnow.com/FCF6F7C9AE8AD47CA1D2D55A5165B1CBA2D46E70
Disclaimer: This news brief was created using generative artificial intelligence. Nike Inc. published the original content used to generate this news brief on July 01, 2026, and is solely responsible for the information contained therein.
