17:00 ET Q4 earnings call: Seeing added pressure on traffic and discretionary spending across our geographies; We're focused on what we can
Seeing added pressure on traffic and discretionary spending across geographies - NIKE Sportswear and Jordan Streetwear remain challenged, with weak sell-through still pressuring current discounting and future order books; management said overall results “aren’t there yet” despite progress on rebuilding fundamentals. - Macro backdrop is more complex, with added pressure on traffic and discretionary spending across geographies, creating a tougher environment for demand recovery. - Performance business grew mid-single digits in FY26, supported by renewed sport focus under the “Win Now” priorities and the new Sport Offense operating model. - NIKE Running delivered five consecutive quarters of double-digit growth, adding roughly $1B to the running business over that period; in Western Europe and North America, NIKE gained 5 pts of running market share in statement footwear. - Wholesale revenue grew 4% in FY26, led by double-digit growth in North America, as NIKE rebuilds wholesale relationships and refreshed more than 15,000 wholesale spaces globally. - NIKE Direct is being repositioned toward sport-led experiences and lower digital discounting; the company elevated more than 150.
Seeing added pressure on traffic and discretionary spending across geographies - NIKE Sportswear and Jordan Streetwear remain challenged, with weak sell-through still pressuring current discounting and future order books; management said overall results “aren’t there yet” despite progress on rebuilding fundamentals. - Macro backdrop is more complex, with added pressure on traffic and discretionary spending across geographies, creating a tougher environment for demand recovery. - Performance business grew mid-single digits in FY26, supported by renewed sport focus under the “Win Now” priorities and the new Sport Offense operating model. - NIKE Running delivered five consecutive quarters of double-digit growth, adding roughly $1B to the running business over that period; in Western Europe and North America, NIKE gained 5 pts of running market share in statement footwear. - Wholesale revenue grew 4% in FY26, led by double-digit growth in North America, as NIKE rebuilds wholesale relationships and refreshed more than 15,000 wholesale spaces globally. - NIKE Direct is being repositioned toward sport-led experiences and lower digital discounting; the company elevated more than 150 stores in FY26 and will continue rezoning/elevating the fleet while closing doors no longer aligned with strategy. - Management expects integrated marketplace investments to “pay dividends for years to come,” but emphasized the recovery requires consistent execution “every season,” not just near-term improvement. - Company is investing in local sport activations to create pull demand, including football, basketball and running programs across key cities; management highlighted that local engagement deepens connection and loyalty. - Supply chain actions are focused on lowering cost, streamlining operations and right-sizing distribution capacity to match expected demand ahead, signaling ongoing operational discipline as NIKE rebuilds profitability and marketplace health. - Expects Sportswear and Jordan streetwear to “continue to be negative this fiscal year,” with improvement only in the back half. - After a stronger start in March, especially in North America, management said retail sales trends decelerated by mid-April and the operating environment "became more challenging" as the quarter progressed