US sportswear retailer Nike reported its fiscal 2026 second-quarter (Q2) financial results for the three months ended 30 November 2025, posting revenues of $12.42bn. Revenue increased 1% on a reported basis and was flat on a currency-neutral basis. Net income for the quarter fell 32% to $792m, with a diluted earnings per share (EPS) of $0.53. The company’s gross margin narrowed by 300 basis points to 40.6%, a decline it attributed mainly to increased tariffs in North America. Wholesale revenues increa ...