NKE
NIKE, Inc.67.12
-0.66-0.97%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
99.22BP/E (TTM)
34.42Basic EPS (TTM)
1.95Dividend Yield
0.02%Recent Filings
8-K
8-K
NIKE Q1 revenues up 1%, margins slip
NIKE reported fiscal 2026 first-quarter revenues of $11.7 billion, up 1% reported but down 1% currency-neutral from last year, with wholesale surging 7% while direct sales dipped 4%. Gross margin shrank 320 basis points to 42.2% due to discounts and tariffs, driving net income down 31% to $0.7 billion and diluted EPS to $0.49. Progress in North America and running feels solid. Yet Greater China and Converse lagged, signaling uneven recovery amid headwinds.
8-K
NIKE approves expanded stock plan
NIKE shareholders approved the amended and restated Stock Incentive Plan at the September 9, 2025 annual meeting, boosting authorized Class B shares by 45 million to fuel executive incentives. All director nominees sailed through, with Class A picks unanimous and Class B securing strong majorities. Shareholders also ratified PwC as auditors and backed executive pay. This bolsters talent retention amid competitive pressures. Approval locks in equity tools.
8-K
NIKE corrects purchase obligations
NIKE voluntarily filed this 8-K on July 28, 2025, to correct an overstated figure in its May 31, 2025, 10-K, revising product purchase obligations to $5 billion—all due within 12 months. This adjustment clarifies liquidity commitments without altering other financials. The error was immaterial, per the company.
10-K
FY2025 results
NIKE's fiscal 2025 revenues fell 10% to $46.3 billion, with NIKE Brand down 9% y/y amid deliberate supply cuts and inventory liquidation via markdowns, yet Q4 showed sequential stabilization as digital sales bottomed and wholesale rebounded modestly. Footwear, 64% of sales, dropped 12% annually but held steady q/q in Q4, driven by North America's 13% y/y decline offset by EMEA's 5% store growth; gross margins compressed 190bps to 42.7% from discounts, while EBIT sank 42% to $3.8 billion (derived). Liquidity stayed robust at $9.2 billion in cash equivalents, funding $5.3 billion in buybacks and dividends despite moderated repurchases. No annual guidance issued, but Q1 momentum hints at stabilization. Intense competition risks quarterly traffic erosion.
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