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Core Insights - Nike is increasing prices for US customers to counter an anticipated $1 billion cost increase due to tariffs [1][4] - The price hikes will be implemented in a phased manner starting in the fall, although specific products and price changes were not detailed [2][4] - Nike's strategy to mitigate tariff costs includes diversifying sourcing and reducing reliance on China, with expectations that the share of footwear imported from China will decrease from 16% to the high single digits by the end of fiscal year 2026 [3][4] Financial Performance - Nike's revenue for the fiscal year 2025 decreased by 10% year over year to approximately $46 million, but it exceeded Wall Street's expectations for quarterly sales and profit [4] - The company anticipates that the impact of tariffs will be most significant in the first half of fiscal year 2026 [4] Leadership and Strategy - CEO Elliott Hill, who has been in charge for about eight months, is focusing on revitalizing the company by reducing promotional sales, enhancing wholesale relationships, and prioritizing sports in its strategy [5]

Core Insights - Nike reported revenue of $11.1 billion for the quarter ended May 2025, a decrease of 12% year-over-year, with EPS at $0.14 compared to $1.01 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $10.72 billion by 3.56%, and the EPS surpassed the consensus estimate of $0.12 by 16.67% [1] Financial Performance - Nike's shares returned -1.5% over the past month, while the Zacks S&P 500 composite increased by 5.1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3] Geographic Revenue Breakdown - Asia Pacific & Latin America: $1.58 billion, exceeding the estimate of $1.50 billion, with a year-over-year change of -7.6% [4] - Greater China: $1.48 billion, matching the estimate, with a year-over-year decline of -20.8% [4] - Europe, Middle East and Africa: $3 billion, surpassing the estimate of $2.84 billion, with a year-over-year change of -8.9% [4] - North America: $4.70 billion, above the estimate of $4.48 billion, reflecting a -10.9% year-over-year change [4] - Total Nike Brand: $10.76 billion, exceeding the estimate of $10.34 billion, with a year-over-year change of -11.4% [4] Segment Revenue Performance - Greater China Equipment: $30 million, below the estimate of $43.42 million, with a year-over-year decline of -34.8% [4] - Converse: $357 million, below the estimate of $428.77 million, with a year-over-year change of -25.6% [4] - Global Brand Divisions: $9 million, compared to the estimate of $11.51 million, with a year-over-year change of -18.2% [4] - Corporate: -$23 million, slightly worse than the estimate of -$21.23 million, with no year-over-year change [4] - Footwear: $7.19 billion, exceeding the estimate of $6.84 billion, with a year-over-year change of -12.8% [4] - Equipment: $567 million, above the estimate of $550.19 million, with a year-over-year change of -1.9% [4] - Apparel: $3 billion, surpassing the estimate of $2.94 billion, with a year-over-year change of -9.7% [4]

CNBC’s “Fast Money” is joined by Randy Konik, managing director at Jefferies, to discuss Nike’s fiscal fourth-quarter earnings results, which beat expectations on the top and bottom lines. ...

Financial Data and Key Metrics Changes - For Q4, revenues decreased by 12% on a reported basis and 11% on a currency-neutral basis [28] - Gross margins declined by 440 basis points to 40.3% due to higher wholesale discounts and supply chain cost deleverage [28] - Earnings per share was $0.14, with full-year revenue down 10% on a reported basis [29] Business Line Data and Key Metrics Changes - Nike Direct revenues were down 14%, with Nike Digital declining 26% and Nike Stores increasing by 2% [28] - In North America, Q4 revenue declined 11%, with Nike Direct down 14% and wholesale down 8% [31] - In EMEA, Q4 revenue declined 10%, with Nike Direct down 19% and wholesale down 4% [33] - Greater China saw a 20% revenue decline, with Nike Direct down 15% and wholesale down 24% [35] Market Data and Key Metrics Changes - North America made progress in cleaning up the marketplace, with a focus on repositioning Nike Digital as a full-price model [31] - EMEA demonstrated growth in key performance dimensions, with women's sportswear footwear returning to growth [34] - APLA experienced a 3% revenue decline, with mixed results across countries [38] Company Strategy and Development Direction - The company is implementing "WinNow" actions to reposition its brands and business for future growth, focusing on sport and innovation [26][27] - A new partnership with Amazon will feature a select assortment of footwear and apparel, aimed at expanding distribution [17] - The company is reorganizing into sport-focused teams to drive deeper relationships with athletes and enhance product innovation [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that Q4 results were not up to Nike's standards but expressed optimism about future improvements [7] - The company expects headwinds to revenue and gross margin to begin to moderate, with a clear path to recovery ahead [22][44] - Management emphasized the importance of inspiring and innovating for consumers, with a focus on returning to sustainable growth [25] Other Important Information - The company is facing new tariffs that are expected to increase costs by approximately $1 billion, with plans to mitigate this impact over time [42][43] - Inventory remains elevated but is being managed down, with a goal to exit the first half of fiscal 2026 in a healthy position [30][47] Q&A Session Summary Question: Can you elaborate on the accelerated actions under your sport offense realignment? - The company is organizing into sport-obsessed teams to drive a relentless flow of innovative products across all brands, focusing on performance and sportswear [61][62] Question: What is the expected impact of tariffs in Q1? - The first quarter will see a larger impact from tariffs, but the company is confident in its ability to mitigate these over time as actions are implemented [74][77] Question: Are you expecting gross margin pressures to abate sequentially? - Margins are expected to remain under pressure in the first half of fiscal 2026, but moderation is anticipated in the second half [79][80] Question: Can you discuss the timeline for recovery in the China marketplace? - The company believes in the long-term opportunity in China and is focused on inspiring consumers, although recovery will take time due to unique market characteristics [102]

Core Insights - Nike's fiscal fourth-quarter sales and profits declined year-over-year, but the results were better than analysts expected, indicating progress in the company's turnaround plan [1][2] - Revenue fell 12% year-over-year to $11.1 billion, while net income dropped to $211 million, or 14 cents per share, down from $1.5 billion, or 99 cents per share, in the previous year [1] - The results mark the third quarter under CEO Elliott Hill, who took over in October, and the company anticipates improvements moving forward as its portfolio shifts begin to take effect [2] Financial Performance - Revenue for the quarter was $11.1 billion, a 12% decrease from the previous year [1] - Net income decreased to $211 million, or 14 cents per share, compared to $1.5 billion, or 99 cents per share, in the same quarter last year [1] - Despite the decline, both revenue and net income exceeded analyst expectations [1] Market Reaction - Nike shares fell approximately 1% in extended trading following the earnings report [3] - The stock has experienced a 17% decline for the year 2025 up to Thursday's close [3]

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Financial Performance - Nike's earnings per share was 14 cents, exceeding the expected 13 cents [1] - Revenue reached $11.1 billion, surpassing expectations of $10.7 billion [1] - North America revenue was $4.7 billion, exceeding expectations [1] - China revenue was $1.4 billion, falling short of the expected $1.5 billion [2] Strategic Initiatives - Nike's CEO Elliot Hill is expected to outline his strategy for future growth during the conference call [2][3] - Nike is reportedly partnering with Amazon, potentially creating a new catalyst for growth [4] - Nike is realigning its business to focus on sports rather than gender, aiming to revitalize core areas like basketball and running [6][7] Forward Guidance - Analysts anticipate quarterly guidance during the conference call, with potential insights into holiday order books and expectations for the next fiscal year [3][4] - Nike acknowledges that current financial results are not satisfactory and anticipates improvement through "win now actions" [5]

Welcome back. It's been a rough go for Nike with the shares down nearly 25% since the new CEO, former intern Elliot Hill, took over last October. But the stock is trading slightly higher, two and a half% into its fourth quarter earnings report after the bell today.Analysts think sales will still drop about 15% yearonear. It's based on some foot traffic data from Placer AI. At store visits have been dropping for eight straight months year-over-year.The only real question here is whether the bottom could be i ...

Economic Data Summary - Initial Jobless Claims decreased by 9,000 to 236,000, marking the lowest level since mid-May [2] - Continuing Claims reached 1.974 million, the highest level since mid-November 2021, remaining above 1.9 million for five consecutive weeks [2][3] - Q1 GDP was revised down to -0.5%, the weakest quarter since Q1 2022, with consumption growth cut from +1.2% to +0.5% [4] - Durable Goods Orders surged by 16.4%, significantly exceeding the anticipated 7%, driven by a 234% increase in non-defense aircraft orders [6] - The Advanced U.S. Trade Balance for May worsened to -$96.6 billion, with exports falling by 5.2% [7] - Advanced Retail Inventories increased by 0.3% month over month and 3.2% year over year, while Wholesale Inventories decreased by 0.3% [8] Company Insights - Nike is expected to report fiscal Q4 results with an anticipated earnings decline of 88% year over year and a 15% drop in revenues, despite a history of beating earnings estimates [10]