Nike Inc Nike (NKE) reported its fiscal fourth-quarter results after the bell Tuesday, and the numbers were a mixed bag. Revenue came in at $10.97 billion, just ahead of the $10.86 billion analysts were expecting, according to market data. But that top line was still down 1% from a year ago, a reminder that the sneaker giant's turnaround hasn't fully kicked in.
On the earnings front, Nike posted adjusted earnings of 20 cents per share, beating the 13-cent consensus. That bottom-line beat was helped by a 52-cent benefit tied to expected recovery of IEEPA tariffs, which boosted diluted earnings to 72 cents per share.
Breaking down the revenue by segment: Nike Brand revenues were $10.7 billion, flat year-over-year. Nike Direct sales fell 7% to $4.1 billion, while wholesale revenue rose 4% to $6.6 billion. Regionally, North America was a bright spot with 3% growth, but Greater China slumped 12%. Europe, Middle East and Africa dipped 1%, while Asia Pacific and Latin America eked out 1% growth.
Inventories held steady at $7.5 billion, flat versus last year. Nike returned about $609 million to shareholders during the quarter and ended the period with $9 billion in cash and short-term investments.
“In fiscal 2026, we took decisive actions to strengthen the foundation of NIKE, Inc. and reposition our business for long-term growth,” said Elliott Hill, Nike's president and CEO. “While we continue to face top-line headwinds, we’re encouraged by progress in performance product and are focused on consistent execution, improved profitability and scaling our wins to realize our full potential.”
Nike typically provides forward guidance on its quarterly conference call, which is scheduled for 5 p.m. ET.
NKE Price Action: Shares were down 3.07% in after-hours trading Tuesday, changing hands at $39.80 at the time of writing. The market's muted reaction suggests investors are still waiting for clearer signs that the turnaround is gaining traction.
