NKE NIKE (NKE) Q1 FY26 earnings call
NIKE, Inc. reported Q1 FY26 results showing tangible progress from its "Win Now" actions, particularly in running, North America, and wholesale channels. The company is implementing a new "Sport Offense" organizational structure to drive innovation and consumer connectivity. Despite these gains, challenges persist in Sportswear, Greater China, and NIKE Direct, compounded by significant tariff headwinds and a cautious consumer environment, indicating that the journey back to consistent, profitable growth will not be linear.
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NKE operating KPIs by quarter
| KPI | This call 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.