Nike's Q2 Gross Margin Drops 300 Bps as Revenue Grows 1% and Net Income Falls 30%
Nike's Q2 fiscal 2026 gross margin slid 300 basis points, with revenue up 1% and net income down 30%; wholesale revenue rose 8% while Direct sales fell 8% and Chinese sales plunged 16%. CEO Elliott Hill purchased shares despite analysts cutting price targets 15% to $35 ahead of Q3 earnings.
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Sources
BFIGZ