NIKE reported better-than-expected results for its fiscal fourth quarter of 2026, but the beat failed to win over Wall Street. Adjusted earnings of $0.20 per share topped estimates by $0.07, and revenue of almost $11 billion exceeded consensus by over $122 million despite a 1% year-over-year decline. North American revenue surged 3%, boosting wholesale sales, but Greater China sales fell 17% on a constant-currency basis, steepening from a 10% drop in the prior quarter. Greater China accounts for about 15% of the sportswear giant's annual revenue, and sales there are expected to remain under pressure as the company works with retail partners to clear excess inventory. Nike's weak outlook for fiscal 2027, with overall sales expected to continue declining in the first half, further hurt investor sentiment.
Nike IncGreater China sales fell 17% and weak fiscal 2027 outlook with continued sales decline in first half.