Nike FY2026 Q4 Earnings Report Due After Market Close Today
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Nike reports fourth-quarter results after Tuesday's close, with the Street expecting revenue of $10.86 billion and EPS of $0.13; an undisclosed tariff-refund windfall could reshape the profit picture.
What numbers is Wall Street watching?
LSEG consensus puts Q4 EPS at $0.13 and revenue at $10.86 billion.
Nike already warned Q4 revenue would fall 2% to 4% year-over-year — well below the Street's prior forecast of 1.9% growth.
This means → the decline is priced in; the real question is whether earnings carry an upside surprise.
The tariff refund — how big is this windfall?
Nike disclosed last week that Q4 results will include a tariff refund not built into prior guidance, but gave no dollar figure.
In plain terms = the company's own forecast didn't count this money; it now acts as a filter over the raw numbers.
The earnings call starts at 5 p.m. ET. The refund's actual size is the single data point the market most wants to see.
North America vs. China — how wide is the gap?
Q3 showed North America revenue up 3% year-over-year, while Greater China revenue fell 7% to $1.62 billion.
CFO Matt Friend guided for low-single-digit revenue declines in H2, with growth driven by North America and drag from China.
This reflects a widening regional split — investors need to see whether Q4 narrows or widens the gap.
Where does the turnaround stand?
CEO Elliott Hill's transformation push continued with a second round of layoffs in April, cutting 1,400 jobs.
Last week Nike announced a CFO transition: former Pfizer executive David Denton replaces Friend on August 17.
This means → management is swapping leaders and cutting costs simultaneously; Denton's first guidance (FY2027) will set the market's tempo for the turnaround.
Can the World Cup brand boost convert to revenue?
The current World Cup is hosted in North America. Nike is not an official sponsor, yet its social-media ad presence has significantly outpaced Adidas.
In plain terms = Nike skipped the sponsorship fee but grabbed more visibility — whether that translates into orders depends on next fiscal year's data.
Full-year analyst consensus is $46.27 billion; FY2027 consensus is $46.47 billion — nearly flat, signaling the Street expects little near-term growth.
Content is for reference only, not financial advice.