The iconic Nike Swoosh design is displayed in a window display at the sports company’s new store on Broadway in Manhattan on April 24, 2026 in New York.
Spencer Platt | Getty Images
Nike is set to report its fourth-quarter financial results after the bell Tuesday, as the shoe retailer struggles to return to sales growth and turn around its business under CEO Elliott Hill.
The company previously said it expected sales to decline for the rest of the calendar year, while forecasting a 2% to 4% decline in its fiscal fourth quarter. That expectation was well below Wall Street estimates of a 1.9% increase.
Nonetheless, Nike said last week that its results would include an unexpected benefit related to customs duty refunds that “was not contemplated in the guidance previously provided by the company.”
CFO Matt Friend said during fiscal third-quarter earnings call that Nike expects sales to decline by a low single-digit percentage for the remainder of the calendar year, driven by growth in North America but offset by a sharp decline in China. The company’s gross profit margin was also affected in the last quarter due to rising tariffs in North America.
During its fiscal third quarter, Nike reported steady growth in North America with sales increasing 3%. while its Greater China market saw revenue fall 7% to $1.62 billion for the quarter.
Here’s what analysts expect from Nike for its fiscal fourth quarter, according to a survey of analysts by LSEG:
- Earnings per share: 13 cents expected
- Income: $10.86 billion expected
For the full year, analysts expect revenue of $46.27 billion and earnings per share of $1.51. They also forecast revenues of $46.47 billion for the next fiscal year ending May 2027.
The profits come as Hill attempts to reposition Nike for growth amid declining sales. The company had previously warned that its turnaround would not be linear, as some parts of the business improved at different rates.
Hill previously said that areas of the business that Nike initially focused on turning around were starting to see “momentum.”
Recovery efforts also come against a backdrop of macroeconomic uncertainty, with tariffs, war in the Middle East, soaring gas prices and more. Friend said during the third-quarter earnings conference call with analysts that Nike could face unexpected impacts from the broader context, including volatility from rising oil prices and declining consumer confidence.
“We focus on what we can control,” Friend said at the time.
In April, Nike launched a massive round of layoffs, eliminating 1,400 positions across the organization, as part of its second workforce reduction of the year.
Last week, the company announced a planned transition in the CFO role, with the former Pfizer director David Denton takes over from Friend effective August 17.
However, Nike experienced a boom thanks to the World Cup, organized this summer across North America. Despite not being an official sponsor, the company has seen its ads massively outpace its sneaker rival. Adidas and gain significant popularity on social media.
Nike will host a conference call with analysts at 5 p.m. ET.