Q1 2026 Nike Inc Earnings Call Transcript
Key Points
- Nike Inc (NKE) reported a 20% growth in its Running business, showcasing strong performance in this segment.
- The company successfully launched a new partnership with SKIMS, which received strong early consumer response.
- Nike Inc (NKE) saw double-digit revenue increases in redesigned retail experiences, such as the House of Innovation in New York.
- The company reported progress in North America, with Q1 revenue growing by 4% and wholesale growing by 11%.
- Nike Inc (NKE) is making strides in inventory management, with inventory decreasing by 2% compared to the prior year.
- Nike Inc (NKE) experienced a 10% decline in revenue in Greater China, facing structural challenges in the marketplace.
- The company's gross margins declined by 320 basis points to 42.2% due to higher wholesale discounts and increased product costs.
- Nike Direct saw a 5% decline, with NIKE Digital declining 12% and NIKE Stores down 1%.
- The company faces significant cost headwinds from new tariffs, with an estimated gross incremental cost of $1.5 billion annually.
- Nike Inc (NKE) is experiencing traffic and demand softness in EMEA, with promotional activity increasing across the industry.
Good afternoon, everyone. Welcome to NIKE, Inc.'s first-quarter fiscal 2026 conference call. For those who want to reference today's press release you'll find it at investors.nike.com. Leading today's call is Paul Trussell, VP of Corporate Finance and Treasurer.
Now, I would like to turn the call over to Paul Trussell.
Thank you, operator. Hello, everyone, and thank you for joining us today to discuss NIKE, Inc.'s first-quarter fiscal 2026 results.
Joining us on today's call will be NIKE, Inc. President and CEO, Elliott Hill; and EVP and CFO, Matt Friend.
Before we begin, let me remind you that participants on this call will make forward-looking statements based on current expectations and those statements are subject to certain risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are detailed in NIKEâs reports filed with the SEC.
In addition, participants may discuss non-GAAP financial
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
