Textiles, Apparel & Luxury Goods
In FY2026, NIKE's revenue was roughly flat at $46.4B (+0.2% YoY) and gross margin expanded modestly to 42.9%, but net income fell 3.4% to $3.108B and operating cash flow dropped 22.4% to $2.868B as North America growth was offset by steep declines in Greater China and Converse amid ongoing brand and marketplace reset efforts.
Key risk: Continued deterioration in Greater China marketplace
The filing notes a trend of declining store traffic, elevated promotional activity, and higher inventory levels across the Greater China marketplace, which is negatively impacting revenues and profitability; Greater China EBIT fell 20% to $1.278 billion in fiscal 2026, and management expects negative impacts to continue throughout fiscal 2027.
Other Apparel, Accessories & Luxury Goods companies