Nike (NKE) Q4 2026 earnings

Nike The shoe retailer will report fourth-quarter financial results after the bell on Tuesday as it struggles to regain sales growth and turn around its business under CEO Elliott Hill.

The company has previously said it expects sales to decline for the remainder of the calendar year, forecasting a 2% to 4% decline in the fiscal fourth quarter. This expectation was well below Wall Street’s forecast for a 1.9% increase.

Still, Nike said last week that its results would include an unexpected benefit from tariff rebates “not anticipated in the company’s previously provided guidance.”

Chief Financial Officer Matt Friend said on the fiscal third quarter earnings call: Nike expects sales to decline by a low single-digit percentage The remainder of the calendar year was led by growth in North America but offset by a large decline in China. The company’s gross margin also took a hit last quarter due to higher tariffs in North America.

Nike reported steady growth in its fiscal third quarter, with sales up 3% in North America. In the greater Chinese market, revenue in the quarter fell 7% to $1.62 billion.

According to a survey of analysts conducted by LSEG, here are what analysts expect from Nike for the fourth fiscal quarter:

• Earnings per share: 13 cents expected
• Revenues: $10.86 billion is expected

For the full fiscal year, analysts expect revenue of $46.27 billion and earnings per share of $1.51. They also project revenue of $46.47 billion for the next fiscal year ending in May 2027.

The gains come as Hill tries to reposition Nike for growth at a time when sales are falling. The company has previously warned that its return will not be linear because certain parts of the business develop at different rates.

Hill has previously said that parts of Nike’s business that it initially focused on turning around are starting to see “momentum.”

The turnaround efforts are also being waged against a backdrop of macroeconomic uncertainties such as tariffs, war in the Middle East, rising gas prices and more. Friend said on a third-quarter earnings call with analysts that Nike could face unexpected impacts more broadly, including volatility from rising oil prices and declining consumer confidence.

“We focused on what we could control,” Friend said at the time.

In April, Nike launched a sweeping layoff, cutting 1,400 roles across the organization in its second workforce reduction of the year.

The company made a statement last week. planned CFO transitionwith old Pfizer Manager David Denton will replace Friend from 17 August.

Still, Nike had a blast at this summer’s World Cup in North America. While not an official sponsor, the company has seen its advertising vastly outshine its sneaker rival adidas and gain significant traction on social media.

Nike will hold a conference call with analysts at 5pm ET.