NIKE Quarterly Report Q1 2026 Financials

The sources provide an overview of Nike, Inc.'s financial performance and strategic initiatives during the first quarter of fiscal year 2026. The first document is an earnings call transcript where CEO Elliott Hill discusses the company's "Sport Offense" realignment to focus on sport-specific teams, noting challenges in Greater China, Converse, and Nike Direct but positive momentum in wholesale and Nike running. The second document, excerpts from a quarterly financial report (Form 10-Q), supports the earnings discussion with detailed unaudited condensed consolidated financial statements for the three months ended August 31, 2025, showing a slight increase in total revenue but a decrease in net income and gross margin compared to the prior year, attributed in part to higher tariffs and increased discounts. Both sources emphasize the Win Now actions aimed at repositioning the brands for long-term profitable growth, despite facing near-term headwinds like tariffs and a cautious consumer environment.

There are no comments yet.

Please log in to write the first comment.