US’ Nike reports stable FY26 revenue amid market headwinds

Nike has reported flat FY26 revenue of $46.4 billion as North American growth offset weaker demand in China and EMEA.
Wholesale sales increased, while Nike Direct and Converse declined.
Despite lower annual profit, the company advanced its long-term growth strategy.
In Q4, revenue dipped 1 per cent, but tariff recovery sharply lifted gross margin, net income, and earnings per share.