NKE stock dropped nearly 2% after reporting $10.97B in Q4 revenue, topping expectations but failing to reassure investors on turnaround progress.
Nike reported fiscal fourth-quarter revenue of $10.97 billion, down 1% year over year but above Wall Street estimates of $10.86 billion. Earnings per share rose 42% to 20 cents, excluding a 52-cent benefit from tariff recoveries, beating the 13-cent consensus.
The company’s shares slipped roughly 2% after hours, extending a 35% year-to-date decline to around $40 per share. Analysts cited slow progress in Nike’s turnaround strategy, persistent challenges in China, and inventory management issues as key concerns.
Despite improvements in running segment performance, investors remain skeptical about the pace of recovery amid heightened competition in the sportswear market.