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NKE

NIKE INC

2 managers · $610M total
Data: SEC EDGAR 13F · 2026Q2
Manager holders · last 5 qtrsⓘ
2
2025Q2 – 2026Q2 · flat QoQ
Total position
$610M
Combined value across tracked managers
Net move this quarter
↓ Trimming
Weighted by holders' share change
HolderQ actionValue% of port.Style
Harris (Oakmark)Trim-2.52%$591M0.78%Deep value / Contrarian long-term
MarkelHold$18M0.14%Insurance float / Long-term value
What managers sayⓘ
2026-09-30Oakmark FundsBull与股东对话|Oakmark 2026年第三季度美国股票市场评论Detail →
2025-07-01Colossus (Invest Like the Best / Business Breakdowns)NeutralJens Grede - Building SKIMS - [Invest Like the Best, EP.431]Detail →
2025-06-30Oakmark FundsBullOakmark Fund: Second Calendar Quarter 2025Detail →
2025-06-30Oakmark FundsBullOur bottom-up approach to a top-down crisis | U.S. equity market commentary 2Q 2025Detail →
2024-12-31FundsmithNeutralFundsmith Annual Letter to Shareholders 2024Detail →
2024-12-31FundsmithNeutralFundsmith Equity Fund Annual Report 2024Detail →
2024-12-03Colossus (Invest Like the Best / Business Breakdowns)NeutralRonnie Fieg - Building Kith - [Invest Like the Best, EP.399]Detail →
2024-11-26Colossus (Invest Like the Best / Business Breakdowns)NeutralGabe Whaley - Building MSCHF - [Invest Like the Best, EP.398]Detail →
Earnings Callsⓘ
Q1 2026October 2, 2026
›
### Overall ConclusionThis quarter's results met expectations, primarily driven by high single-digit growth in the NIKE Performance business, offset by headwinds from Sportswear, Jordan, and China.
### Key DataRevenue stood at $11.12 billion, down 5% year-over-year (currency-neutral); gross margin was 42.8%, up 60 basis points year-over-year; EPS was $0.48, down 2% year-over-year.
### Business ProgressThe Performance business posted high single-digit growth, with Running, Global Football, Training, Basketball, Tennis, and Golf all achieving double-digit growth. Within Running, the Vomero series nearly tripled its share of the Max cushioning segment, and four new footwear models were launched. Global Football benefited from the World Cup, with club jersey sales seeing high double-digit growth. Basketball launched the Caitlin Clark signature shoe, the largest women's signature shoe release in history. Sportswear revenue declined by low single digits, with Dunk sales halving, creating approximately $200 million in pressure. Jordan revenue fell by mid-single digits and will return to a scarcity model. China revenue declined by 26%, as the company cleans up digital channels and focuses on flagship stores.
### Guidance and OutlookManagement expects full-year revenue to decline by high single digits, with EBIT declining more than revenue. Adjusted EPS guidance is $1.15–$1.35. Q2 faces a 400 basis point year-over-year headwind. The Pace plan is expected to generate approximately $2.5 billion in savings, with costs of about $1 billion, most of which will be realized in FY29–30.
### Risk/Positive SignalsPositive signals: Management expressed strong confidence in Performance business growth and the Pace plan, emphasizing that "Sport Offense is working." Negative signals: Management is cautious about the recovery timeline for China, Sportswear, and Jordan, expecting pressure to persist through FY28.
Q3 2026April 1, 2026
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FinancialsⓘFY2025 · Source: SEC EDGAR 10-K

5y revenue CAGR 1% · latest net margin 7% · FCF consistently positive

Revenue$46.3B
Rev. YoY-9.8%
Gross margin42.7%
Net margin7%
Net income$3.22B
Free cash flow$3.27B
Operating cash flow$3.70B
ROE24.4%

Source: SEC EDGAR company filings (10-K). Foreign issuers (20-F/IFRS) not yet covered.