NKE NIKE (NKE) Q3 FY26 earnings call
NIKE, Inc. is executing a strategic rebalancing, shifting from a NIKE Direct-first approach to an integrated marketplace model. While progress is being made in key areas like North America and Running, the overall comeback is taking longer than expected due to ongoing marketplace cleanup, particularly in Sportswear and Greater China. The company anticipates completing its "Win Now" actions by calendar year-end, with gross margin expansion expected to begin in Q2 FY27.
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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.