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17:00
Jun 30 ◎

NKE FY2026 Q4 Watch

Nike, Inc. (NKE) FY2026 Q4 Earnings Call

FL NKE ▾

Matt Friend

Nike is aggressively cutting classic footwear inventory by $2B in FY26 and tightening future buys, signaling a deliberate shift to reduce promotional dependence and improve full-price sell-through. — This inventory reduction will likely lower Nike's wholesale shipments near-term but should improve pricing power and channel health for retail partners like Foot Locker.

"Our revenue growth and retail sales comp with Foot Locker was positive for the first time in four years, and we continue to be encouraged about the path ahead."

FL WATCH

Elliott Hill

Management acknowledges continued top-line pressure (revenue down low-to-mid single digits) but sees early signs of margin stabilization and structural improvements; tone is cautiously optimistic but not yet positive on revenue growth.

"From here, we have to prove it every season."

NKE WATCH

HIGH

17:00
Mar 31 ◎

NKE FY2026 Q3 Watch

Nike, Inc. (NKE) FY2026 Q3 Earnings Call

DKS FL ASO JD.L NKE ▾

Elliott Hill

Nike's intentional removal of unhealthy classic footwear inventory created a ~5-point revenue headwind, improving marketplace health. — Cleaner inventory reduces promotional risk at retail partners like Foot Locker and Dick's, supporting their margins and sell-through.

"In sporty goods, Dick's and Academy are leaning in with us to tell more sport performance stories."

DKS WATCH FL WATCH

Elliott Hill

Academy is expanding its performance sport collaboration with Nike, likely driving higher sales.

"In sporty goods, Dick's and Academy are leaning in with us to tell more sport performance stories."

ASO WATCH

Elliott Hill

Nike's long-term planning with JD Sports suggests increased focus on the athletic specialty channel.

"We're building long-term plans with Foot Locker and JD and Athletic Specialty"

JD.L WATCH

Elliott Hill

Management reiterates confidence in the turnaround but acknowledges it is taking longer, with near-term revenue still declining.

"the direction is clear. Our focus is clear and our comeback is within reach."

NKE WATCH

HIGH

14:00
Dec 18 ◎

NKE FY2026 Q2 Watch

Nike, Inc. (NKE) FY2026 Q2 Earnings Call

NKE FL ▾

Matt Friend

Management highlights progress in North America and running but acknowledges China and Converse headwinds; guidance for Q3 is down low single digits, indicating a mixed outlook with no clear inflection yet.

"our second quarter results demonstrated the resilience of our portfolio, with modest year-over-year reported top-line growth, despite managing headwinds from the actions we have taken to reposition our business."

NKE WATCH

Elliott Hill

Nike is deepening collaboration with Foot Locker on a unified basketball brand presentation, suggesting potential for scaled retail programs and increased sell-through for Foot Locker.

"our three basketball brands and their product lineups will come together under the sport offense. The Swoosh, the Jumpman, and the Star Chevron have a unified creative feel and merchandising approach with Foot Locker in L.A."

FL WATCH

HIGH

17:00
Sep 30 ◎

NKE FY2026 Q1 Watch

Nike, Inc. (NKE) FY2026 Q1 Earnings Call

AMZN NKE DKS JWN ▾

Elliott Hill

Nike's Amazon store is performing above expectations, indicating increased platform attractiveness for branded apparel and potentially higher Amazon marketplace fees.

"pleased with the launch of the Nike Brand Store on Amazon, where we are driving stronger engagement and sales than anticipated."

AMZN WATCH

Matt Friend

Management guided Q2 revenue down and gross margins sharply lower, reflecting ongoing tariff headwinds, promotional cleanup, and weakness in digital and China, indicating near-term profitability pressure.

"We expect Q2 revenues to be down low single digits, including one point of benefit from foreign exchange. We expect Q2 gross margins to be down approximately 300 to 375 basis points..."

NKE WATCH

Elliott Hill

Nike is investing in retail presentation at Dick's, strengthening the wholesale relationship but no direct demand signal.

"We reset over 1,300 running spaces in the quarter, from Dick's to Nordstrom's to Heartbreak Hill."

DKS WATCH

Elliott Hill

Nike is improving merchandising at Nordstrom, indicating continued partnership, but no specific sales impact disclosed.

"We reset over 1,300 running spaces in the quarter, from Dick's to Nordstrom's to Heartbreak Hill."

JWN WATCH

HIGH

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