Nike fiscal 2026 net income fell 3% to $3.11 billion; diluted EPS slipped 3% to $2.10.
Revenue was essentially unchanged at $46.4 billion; NIKE Direct revenue dropped 6% to $17.7 billion.
Gross margin edged up 0.2 percentage points to 42.9%.
Converse and outlook
Converse revenue sank 31% to $1.17 billion; Converse EBIT plunged 93% to $18 million.
Management expects product, marketplace, and brand actions to be completed by end-December 2026; Greater China and Converse impacts are expected to persist through fiscal 2027.
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