Q3 2026 Nike Inc Earnings Call Transcript
Key Points
- Nike Inc (NKE) reported strong growth in its running segment, with sales up over 20% for the quarter.
- The company successfully launched the TMPO footwear for the upcoming World Cup, indicating strong product innovation.
- Nike Inc (NKE) is seeing positive momentum in North America, with wholesale revenue growing by 11%.
- The company is making significant progress in reducing unhealthy inventory, which is expected to improve long-term revenue quality.
- Nike Inc (NKE) is investing in new technology platforms and supply chain improvements to enhance operational efficiency.
- Nike Inc (NKE) reported a decline in overall revenues, down 3% on a currency-neutral basis.
- The company's gross margins declined by 130 basis points, primarily due to higher tariffs in North America.
- Nike Inc (NKE) is experiencing challenges in the EMEA region, with revenues down 7% and increased promotional activity.
- The sportswear segment continues to be a headwind, with a decline in sales and elevated inventory levels.
- Greater China remains a challenging market, with revenues down 10% and digital sales declining by 21%.
Good afternoon, everyone, and welcome to NIKE, Inc.'s Third 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. I'd now 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 Third 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 NIKE's reports filed with the SEC. In addition, participants may discuss non-GAAP financial measures and
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