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A consumer carries Nike luggage in San Francisco, California, US, on Wednesday, Dec. 17, 2025.
David Paul Morris | Bloomberg | Getty Photographs
Nike on Thursday posted quarterly earnings and income that topped Wall Road’s estimates, as power in North America helped to offset a plunge in China gross sales.
Here is what Nike reported for its second fiscal quarter of 2026, in line with consensus estimates from LSEG:
- Earnings per share: 53 cents vs. 38 cents anticipated
- Income: $12.43 billion vs. $12.22 billion anticipated
The athletic attire retailer stated gross sales in North America rose 9% to $5.63 billion. However income in its Higher China market dropped 17% to $1.42 billion.
The sneaker firm is simply over a 12 months into CEO Elliott Hill’s turnaround technique, specializing in regaining its progress and market share, clearing out previous stock and investing in wholesale relationships.
The corporate stated wholesale revenues climbed 8% to $7.5 billion throughout the quarter. However direct gross sales — which have been a spotlight for Nike within the years earlier than Hill took over and moved away from the technique — fell 8% to $4.6 billion.
The corporate’s inventory slid about 2% in prolonged buying and selling Thursday. Nike shares have dropped greater than 13% this 12 months as of Thursday’s shut.
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