Nike Inc. (NKE) reported that its fourth-quarter net income declined to $549 million or $1.17 per share, from $594 million or $1.24 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.37 per share for the quarter. Analysts' estimates typically exclude special items.
Earnings per share for the quarter was down 6 percent as a result of a lower gross margin, higher SG&A spending, an increase in the effective tax rate and a charge related to restructuring Nike Brand Western Europe's operations to better realign resources against growth opportunities and drive efficiencies.
Revenues for the quarter rose to $6.47 billion from $5.77 billion in the prior year quarter. Seventeen analysts had consensus revenue estimate of $6.51 billion for the quarter.
Fourth quarter revenues rose 12 percent, or 14 percent on a currency neutral basis, to $6.5 billion. This was a result of higher revenues across every Nike Brand geography, key category and product type as well as across all Other Businesses.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.