Nike is set to report earnings after the bell. Here's what Wall Street expects
Nike will report fiscal second-quarter earnings after the bell Thursday. Here's what Wall Street is expecting from the sneaker giant.
TL;DR
- Nike is expected to report Q2 fiscal 2026 earnings of 38 cents per share and $12.22 billion in revenue.
- CEO Elliott Hill's turnaround strategy aims to reignite growth, clear inventory, and improve wholesale partnerships.
- Positive developments were noted in wholesale, running, and North America in the previous quarter, but China and direct business segments are underperforming.
- Tariffs are projected to cost Nike $1.5 billion and impact gross margin by 1.2 percentage points in fiscal 2026.
- Nike recently underwent leadership changes, including the departure of Chief Commercial Officer Craig Williams, as part of its 'Win Now' strategy to eliminate layers and enhance growth.
- The NikeSKIMS partnership with Kim Kardashian's brand has shown a strong initial response.