NKE NIKE (NKE) Q3 FY25 earnings call
NIKE, Inc. is aggressively executing its 'Win Now' strategy, focusing on product portfolio diversification and marketplace cleanup. While the quarter saw revenue and gross margin headwinds from these actions, the company is seeing early momentum in performance categories and is repositioning its digital and wholesale channels for full-price selling. Management expects headwinds to moderate after Q4 FY25 as new innovations scale and the marketplace normalizes.
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NKE operating KPIs by quarter
| KPI | Aug 2025 Q1 FY26 | Nov 2025 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Stores China | 5,000+With over 5,000 mono-brand stores in China, this will take investment, and it will take time.Source: earnings call transcript | 5,000As you know, it's a mono-brand marketplace with thousands of -- 5,000 doors with the teams working the presentation of our product at retail and we weren't making the investment in our store fleet, so our stores aren't compelling.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.