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Nike Inc
XMUN:NKE

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Nike Inc
XMUN:NKE
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Price: 37.945 EUR -1.47%
Market Cap: €56.2B

Nike Inc
Investor Relations

Nike is a global sportswear company that designs and sells athletic shoes, clothing, and equipment. Its best-known products are sneakers, running gear, training apparel, and team sports gear, sold under the Nike and Jordan brands, along with Converse. The company serves everyday consumers, serious athletes, schools, teams, and retailers that want branded sports products people already recognize and trust. Nike makes money mainly by selling products through its own stores and websites, through wholesale partners such as sporting goods chains and department stores, and through licensing deals. It earns most of its sales from footwear, but apparel and equipment also matter. Because Nike controls design, brand image, and product storytelling, it can charge more than many plain-label rivals and use fashion, sport, and celebrity endorsements to drive demand. What makes Nike’s business model different is that it sits at the top of the athletic goods value chain: it does not mainly make things for other brands, it creates the brands shoppers ask for by name. That gives Nike strong control over style, pricing, and distribution. It is both a consumer brand and a sports marketing company, with products that blend performance use and everyday fashion.

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Last Earnings Call
Fiscal Period
Q4 2026
Call Date
Jun 30, 2026
AI Summary
Q4 2026

Revenue: NIKE said fourth-quarter revenue fell 1% reported and 4% currency-neutral, with North America growing while Greater China, EMEA and Converse declined.

Tariff benefit: The quarter included a one-time $986 million benefit from recovery of incremental IEEPA tariffs, which lifted reported gross margin and EPS; management said tariffs remain a cost headwind.

Demand mix: Performance Sports continued to improve, but Sportswear and Jordan Streetwear remained under pressure, with sell-through and discounting still challenged.

Outlook: NIKE now expects revenue for the next two quarters combined to be down low- to mid-single digits, with gross margin expansion starting earlier in Q1.

China reset: Management said Greater China is still a key long-term market, but the business remains in a reset focused on sport, premium positioning, cleaner inventory and more local product creation.

Strategy: Elliott Hill framed the Sport Offense as the core of NIKE’s turnaround, with more than 8,000 teammates moved into sport vertical teams and more investment in product, retail and local activation.

Investor Day: Management said it will share the next phase of the growth strategy at Investor Day on November 16 and 17.

Key Financials
Revenue
$11.1 billion
Gross margin
49.2%
Earnings per share
$0.72
SG&A
down 2%
Effective tax rate
19.6%
Inventory
flat versus the prior year
North America revenue
up 3%
EMEA revenue
down 6%
Greater China revenue
down 17%
APLA revenue
down 1%
Wholesale revenue
up 1% in Q4; up 4% for the fiscal year
Nike Direct revenue
down 9% in Q4
Nike Digital revenue
down 12% in Q4
Nike Stores revenue
down 7% in Q4
Gross margin benefit from tariff recovery
900 basis points in Q4; 210 basis points for the full year
Tariff recovery benefit
$986 million
Cash collected from tariff claims
over $300 million
Running business growth
five consecutive quarters of double-digit growth
Running business increase
roughly $1 billion
Running market share
5 points
Teammates moved into Sport Offense
about 8,000
Wholesale doors refreshed
more than 15,000
Stores elevated with sport-led experiences
more than 150
Nike Football doors elevated
over 5,000
World Cup story views
1.5 billion
World Cup kits sold
2.5x
Mercurial launch
fastest-selling 24-hour launch for cleated footwear in Nike Direct history
FY '26 revenue
flat reported, down 2% currency-neutral
FY '26 gross margin
42.9%
FY '26 diluted EPS
$2.10
North America wholesale revenue
up 10%
Earnings Call Recording
Other Earnings Calls

Management

Ms. Heidi O'Neill
President of Consumer, Product & Brand

Heidi O'Neill is a prominent executive at Nike, Inc., known for her extensive and impactful career within the company. She has been with Nike for several decades and has held a variety of leadership roles that have greatly influenced the brand's growth and transformation. O'Neill joined Nike in 1998 and has since played a significant role in shaping the company's consumer-focused strategies. O'Neill has held several key positions including leading Nike's North America operations, where she drove significant regional growth and strengthened the brand's presence. She has also served as the President of Nike Direct, where she was instrumental in developing the company’s direct-to-consumer approach, enhancing digital commerce, and integrating physical retail with digital platforms. Known for her innovative approach to retail and her emphasis on customer experience, O'Neill has been a champion of leveraging data and analytics to meet consumer needs. She has been a driving force behind several successful campaigns and initiatives that have helped Nike maintain its position as a leader in the sports apparel industry. O'Neill’s career at Nike highlights her expertise in retail transformation, consumer engagement, and strategic brand management, making her a key figure in the company's ongoing evolution.

Mr. Craig Anthony Williams
President of Geographies & Marketplace

Craig Williams is the current President of Jordan Brand at Nike, Inc., a position he has held since January 2019. With a strong background in both the corporate and military sectors, Williams brings a diverse range of experiences to the role. Before joining Nike, Williams served as the Senior Vice President, Consumer Products Group at Coca-Cola, where he managed the company’s domestic business. His career at Coca-Cola spanned over a decade in various leadership roles that shaped his strategic and operational expertise. Before his time in the corporate world, Williams served as an officer in the United States Marine Corps, showcasing his leadership skills and dedication to service. His educational background includes an MBA from the University of Pennsylvania's Wharton School and a Bachelor’s degree in Physics from the United States Naval Academy. At Nike's Jordan Brand, he is responsible for driving the global growth strategy, working to expand the brand's reach while honoring its legacy in sports and culture. Williams focuses on connecting with consumers worldwide, leveraging the brand’s deep heritage and innovative future.

Mr. Elliott J. Hill
CEO, President & Director

Elliott J. Hill served as a top executive at Nike Inc., where he contributed to several leadership roles throughout his career. Before announcing his retirement in 2020, Hill was the President of Consumer and Marketplace. In this capacity, he was responsible for overseeing Nike's global sales and operations. His leadership focused on enhancing the consumer experience and driving the brand's growth across various markets. Hill played an integral role in developing Nike's direct-to-consumer strategy, which includes its digital commerce and retail strategy. Throughout his tenure at Nike, he was instrumental in driving innovation and fostering connections with consumers. His efforts significantly influenced Nike's strategic direction and the strengthening of its brand presence worldwide. Having worked at Nike for over three decades, Elliott J. Hill's contributions were vital to the company's transformation and success in a constantly evolving retail landscape. His leadership exemplified a commitment to aligning the brand's mission with consumer expectations, helping the company maintain its position as a leading global sportswear brand.

Mr. Philip H. Knight
Co-Founder & Chairman Emeritus

Philip H. Knight is an American business magnate best known as the co-founder and former chairman and CEO of Nike, Inc., one of the world’s largest suppliers of athletic shoes and apparel. Born on February 24, 1938, in Portland, Oregon, Knight played a pivotal role in transforming Nike into a global powerhouse in the sports industry. Knight attended the University of Oregon, where he ran track under Coach Bill Bowerman. It was during this time that he developed an interest in running shoes. After earning his bachelor's degree in journalism in 1959, he served in the Army and later pursued an MBA at Stanford Graduate School of Business. His time at Stanford proved influential; a class project on starting a business became the blueprint for his later venture. In 1964, Knight and his former coach Bowerman each invested $500 to create Blue Ribbon Sports, a company that initially served as a U.S. distributor for the Japanese shoemaker Onitsuka Tiger, now ASICS. The relationship with Onitsuka dissolved by 1971, leading Knight to launch his own brand, which he named Nike, inspired by the Greek goddess of victory. That same year, the company's iconic Swoosh logo was designed by Carolyn Davidson, a graphic design student, for just $35. Under Knight’s leadership, Nike grew rapidly. His emphasis on innovative design, marketing, and branding helped launch successful product lines and secure endorsements from top athletes, boosting the company's profile. Nike's marketing campaigns, notably the "Just Do It" slogan, became cultural phenomena, reinforcing the brand’s position in the market. Knight served as Nike’s CEO until 2004 and as chairman until 2016, when he retired from the position. Despite stepping down from daily operations, he remains a prominent figure in the company as Chairman Emeritus. Through his career, Knight became one of the richest individuals in the world, with an estimated net worth of over $40 billion. In addition to his business ventures, Knight is known for his philanthropy. He has donated hundreds of millions of dollars to educational institutions, including Stanford and the University of Oregon, supporting various academic and athletic programs. His contributions have significantly impacted the development of facilities and the enhancement of educational opportunities at these schools.

Ms. Johanna Nielsen
VP of Controlling & Principal Accounting Officer
No Bio Available
Dr. Muge Erdirik Dogan
Chief Technology Officer

Dr. Muge Erdirik Dogan is a notable executive in the corporate world, known for her remarkable contributions to Nike Inc. She has held significant leadership roles in the company, where her work has prominently influenced Nike's business strategies and market performance. Dr. Dogan earned her undergraduate degree from Stanford University and completed her Ph.D. at Stanford as well, which laid a strong foundation for her career in business management and strategy. Her educational background in engineering has played a crucial role in allowing her to bring a data-driven, analytical approach to her work. At Nike, she has been pivotal in guiding the company’s digital transformation efforts, focusing on integrating innovative technologies to enhance customer experiences and streamline operations. Her leadership emphasizes sustainability, innovation, and customer satisfaction, aligning with Nike's overall mission to bring inspiration and innovation to every athlete. Dr. Dogan’s strategic insights and forward-thinking vision have contributed to Nike maintaining its competitive edge in the sportswear industry. Her work continues to make a significant impact on Nike's growth initiatives and its adaptation to an ever-evolving market landscape.

Mr. Paul Trussell C.F.A.
VP of Investor Relations & Strategic Finance and Treasurer

Paul Trussell is a prominent figure in the financial and retail industry, currently serving as the Chief Financial Officer (CFO) at Nike, Inc. Known for his expertise in financial analysis and strategic planning, he plays a crucial role in overseeing Nike's financial operations and strategy. Before joining Nike, Trussell had a distinguished career in various finance and investment roles. He is recognized for his strong analytical skills and leadership in financial management, contributing significantly to Nike's financial health and strategic growth. His work involves managing corporate finance, investor relations, and ensuring the company’s fiscal strategies align with its broader business goals. Trussell's contributions are instrumental in driving Nike's continued success in the global market. He holds the Chartered Financial Analyst (CFA) designation, marking his commitment to maintaining the highest standards of integrity and competence in the finance field.

Mr. Rob Leinwand
EVP & Chief Legal Officer

Rob Leinwand serves as the Vice President, Deputy General Counsel, and Corporate Secretary at Nike, Inc. In his role, he is responsible for overseeing the company's legal affairs, providing strategic legal advice, and ensuring corporate governance compliance. Leinwand's extensive experience in legal and corporate matters has been instrumental in navigating the complex global landscape in which Nike operates. His leadership and expertise contribute significantly to the company's legal strategy and operations.

Mr. KeJuan Wilkins
Executive VP & Chief Communications Officer

KeJuan Wilkins is an experienced executive at Nike, Inc., known for his expertise in communications and public relations. As of the latest information, he serves as the Vice President of Enterprise Communications and Public Affairs at Nike. In this role, Wilkins is responsible for overseeing Nike's global corporate communications strategies, which include media relations, corporate storytelling, crisis management, and executive communications. Wilkins has been with Nike for over two decades, during which time he has held various positions in the communications and public affairs divisions, contributing significantly to the company's brand image and public perception. His leadership has been instrumental in navigating complex communications landscapes, and he has played a key role in managing Nike's messaging during major company events and initiatives. Wilkins is also known for his efforts in championing diversity and inclusion within the company and the broader business community. His work supports Nike's commitment to diversity, equity, and inclusion both internally and in the communities the company serves.

Ms. Nicole Hubbard Graham
Chief Marketing Officer

Ms. Nicole Hubbard Graham is an executive known for her significant contributions to Nike, Inc., where she has served as the Chief of Diversity, Equity, and Inclusion (DEI). In this role, she has been crucial in advancing Nike's DEI strategies and initiatives, focusing on creating a more inclusive and equitable environment within the company. Nicole's leadership is marked by her dedication to fostering a culture that values diversity, recognizing the importance of different perspectives and backgrounds in driving innovation and success. She has been instrumental in implementing policies and programs that aim to enhance diversity across all levels of the organization, ensuring that Nike remains a leader in promoting equity in the workplace. Her work involves collaborating with various departments to integrate DEI principles into Nike’s business practices, contributing to both internal organizational health and the brand's global impact. Under her guidance, Nike has launched initiatives designed to support underrepresented communities and promote social justice. Nicole Hubbard Graham's expertise and commitment to DEI have earned her recognition both within and outside the company, making her a pivotal figure in Nike's ongoing efforts to be a champion for diversity and inclusion in the corporate world.

Contacts

Address
OREGON
Beaverton
1 SW Bowerman Dr
Contacts
+15036713173.0
about.nike.com
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