Nike FY26 Revenue Flat at $46.4B, EPS Dips to $2.1 as Direct Sales Slide 6%
NKE is trading near its 52-week low of $40 (7.2% above the low).
Summary
Nike's FY26 10-K reveals full-year revenue of $46.4B, essentially flat year-over-year, while diluted EPS fell 2.8% to $2.1. The top-line stagnation masks a 2% currency-neutral decline, with Greater China and Converse dragging results. NIKE Direct dropped 6% as digital traffic weakened and store comps softened, offsetting wholesale gains. The company booked $385M in severance costs from workforce realignment and used elevated markdowns to clear excess inventory. This follows a year of restructuring, a CFO change, and prior warnings of a low- to mid-single-digit sales decline. The 10-K confirms the full-year impact of those headwinds and shows the turnaround is still in progress.
At the time of this announcement, NKE was trading at $42.89 on NYSE in the Trade & Services sector, with a market capitalization of approximately $63.3B. The 52-week trading range was $40.00 to $80.17. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.