When Nike reports their fiscal Q2 '26 financial results on December 18, consensus is expecting $12.22 billion in revenue, $696 million in operating income, and $0.38 in EPS. China is still 13% of total Nike revenue and 40% of EBIT; thus, it's not an immaterial region for the shoe giant, but given the tariff environment, I wouldn't expect great improvement in the regional metrics. At 40x expected fiscal EPS of $1.68, Nike is still expected to show EPS down y-o-y 22%.
Nike (NKE) closed the most recent trading day at $67.74, moving +2.96% from the previous trading session.
Nike (NKE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NKE posts strong running gains, but lingering Sportswear and China weaknesses pose challenges as its brand trio aims to regain full momentum.
Nike (NYSE: NKE) has not been keeping up with the wider market—its shares have decreased by approximately 15% in the last year while the S&P 500 has risen by 14%. With fiscal Q2 2026 earnings coming up on December 18, investors are pondering an important question: Is this a chance to purchase a globally dominant brand at a lower price, or an indication that more severe issues are still emerging?
Nike (NYSE: NKE) and Under Armour (NYSE: UA) reported recent earnings revealing two athletic brands moving in opposite directions.
Recently, Zacks.com users have been paying close attention to Nike (NKE). This makes it worthwhile to examine what the stock has in store.
NKE's three-month slide, digital slowdown and margin strain put the stock at a crossroads as investors weigh rebound potential against mounting headwinds.
The latest trading day saw Nike (NKE) settling at $65.65, representing a +1.11% change from its previous close.
Nike, Inc. remains in a challenged turnaround phase, with recent results showing mixed progress and no convincing evidence of a sustainable recovery. Recent NKE management changes and the other headlines send a strong signal, but leadership reshuffling makes me question execution and strategic clarity. NKE's Q1 delivered a positive revenue surprise, but gross margins declined 320 bps to 42.2%, digital sales collapsed 12%, and guidance calls for further margin compression in Q2.
NKE pushes turnaround efforts as tariffs squeeze margins, testing its innovation drive and renewed wholesale momentum.
NKE faces a 10% revenue decline in China but leans on sport-led innovations and a global playbook to restore momentum across key markets.