NIKE's Running business has emerged as a key bright spot in its product-led turnaround, posting five consecutive quarters of double-digit growth and adding approximately $1 billion to the business in fiscal 2026. The company has captured around five percentage points of market share in statement Running footwear across North America and Western Europe, while Running also grew mid-single digits in Greater China in the fourth quarter despite broader market pressure. In EMEA and APLA, Running delivered double-digit growth, driven by refreshed franchises such as Pegasus, Vomero and Structure. However, the Lifestyle business remains under pressure across established franchises like Air Force 1, Dunk and Air Jordan, with weak sell-through and cautious consumer spending. Zacks Consensus Estimates imply fiscal 2027 and fiscal 2028 earnings growth of 10.1% and 34.5%, respectively, and NIKE stock carries a Zacks Rank #3 (Hold).
Nike IncRunning business growth and market share gains drive positive outlook.
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