Nike Appoints David Denton as CFO and Confirms Q4 Guidance
NKE•David M. Denton will join Nike as Executive Vice President and CFO on August 17, replacing Matthew Friend, who will support the transition through September 4. Nike reaffirmed that its fourth-quarter fiscal 2026 results, excluding a one-time tariff-refund benefit, are expected to align with prior guidance.
1. CFO Transition Details
Nike announced that David M. Denton will assume the role of Executive Vice President and CFO on August 17, succeeding Matthew Friend, who will remain through September 4 to ensure an orderly handover. Denton brings over 30 years of finance leadership at Pfizer, Lowe’s and CVS Health and will lead the company’s global finance organization alongside CEO Elliott Hill.
2. Fourth-Quarter Outlook Confirmed
The company reaffirmed its fourth-quarter fiscal 2026 guidance, stating that results excluding a one-time tariff-refund benefit are expected to remain consistent with prior projections. Nike will report Q4 and full-year fiscal 2026 earnings on June 30 at 2 p.m. PT, with the tariff refund enhancing reported figures beyond the initial outlook.
3. Market Reaction
Following the CFO announcement and outlook reaffirmation, Nike shares rose over 2% in after-hours trading. Retail sentiment remained bearish, while social discussion volume increased nearly 540% over 30 days, signaling growing investor focus.
