Nike says Q4 results to include tariff refund benefit

1 min read | Published on 23 Jun 2026, 07:21 PM |Updated on 24 Jun 2026, 02:46 AM

Reviewed by

Ashish TScanX News Team

Key Highlights

Nike announced that its fourth quarter results will include a tariff refund benefit, noting that excluding this one-time item, results are in line with guidance. The statement provides clarity ahead of the earnings release, following analyst projections of a decline in earnings per share and revenue compared to the prior year.

*this image is generated using AI for illustrative purposes only.

Nike stated that its fourth quarter results will include a tariff refund benefit, clarifying that excluding this item, the performance remains in line with guidance. The disclosure comes as the company prepares to release its earnings report, providing context for investors regarding potential variances in the upcoming financial figures.

The company did not specify the monetary value of the tariff refund benefit in the statement. By indicating that results are in line with guidance when excluding this benefit, Nike suggests that its core operational performance met expectations set by management.

This update follows earlier market expectations of a decline in earnings. Analysts had projected earnings of 12 cents per share, a decrease from 14 cents per share in the year-ago period, with revenue anticipated to fall to $10.85 billion from $11.1 billion reported last year.

Nike's CEO had previously acknowledged that the scale of issues facing the company means the turnaround is taking longer than initially hoped. This sentiment had led several firms to downgrade the stock and reduce price targets ahead of the earnings release.

Analyst Firm	Analyst	Rating Change	New Price Target	Accuracy Rate
UBS	Jay Sole	Maintained Neutral	$50	70%
Citigroup	Paul Lejuez	Maintained Neutral	$47	64%
Wells Fargo	Ike Boruchow	Downgraded to Equal-Weight	$45	74%
Piper Sandler	Anna Andreeva	Downgraded to Neutral	$50	56%
Goldman Sachs	Brooke Roach	Downgraded to Neutral	$52	60%

Nike shares recently fell 4.5% to close at $43.19, reflecting investor caution. The consensus among analysts suggests a cautious outlook, with most maintaining neutral ratings amid the company's prolonged turnaround efforts.

Will the tariff refund benefit be a recurring factor in future quarters, or is it a one-time adjustment?

How will management address the prolonged turnaround timeline during the upcoming earnings call?

Could the tariff refund benefit influence analysts to revise their earnings projections for the next fiscal year?

Nike appoints David M. Denton as CFO, effective Aug. 17

1 min read | Published on 24 Jun 2026, 02:26 AM |Updated on 24 Jun 2026, 02:27 AM

Reviewed by

Naman SScanX News Team

Add as a preferred
source on Google

Key Highlights

NIKE, Inc. named David M. Denton as Executive Vice President and Chief Financial Officer, effective August 17, replacing Matthew Friend. Denton, formerly CFO of Pfizer, Inc., brings extensive experience from Lowe’s Companies, Inc. and CVS Health Corporation. Friend will step down on August 17 and stay through September 4 to assist with the transition, including participating in the Q4 FY26 earnings call on June 30.

*this image is generated using AI for illustrative purposes only.

NIKE, Inc. has appointed David M. Denton as Executive Vice President and Chief Financial Officer, effective August 17. Denton will lead the global finance organization, partnering with President and Chief Executive Officer Elliott Hill to support capital allocation and long-term value creation. Matthew Friend will step down from his role as Executive Vice President and Chief Financial Officer on the same date but will remain with the company through September 4 to facilitate an orderly transition.

Denton joins NIKE, Inc. from Pfizer, Inc., where he served as Chief Financial Officer and Executive Vice President since May 2022. His previous experience includes roles as Chief Financial Officer and Executive Vice President of Lowe’s Companies, Inc. from 2018 to 2022, and two decades at CVS Health Corporation, including as Executive Vice President and Chief Financial Officer. Denton also brings public company governance experience, having served on the Boards of Directors of Haleon and Tapestry.

Leadership Transition Details

The transition occurs as the company shifts from foundational actions to sustained growth through its Sport Offense operating model. Friend will participate in the fourth quarter fiscal 2026 earnings call on June 30, as planned. Hill thanked Friend for his contributions and noted the transition aligns with the company's strategic priorities.

Fourth Quarter Fiscal 2026 Outlook

NIKE, Inc. will report its fourth quarter and fiscal year 2026 results on June 30. The company stated these results will include a benefit from tariff refunds that was not contemplated in its previously provided guidance. Excluding this one-time benefit, fourth quarter results are expected to be generally in line with prior guidance.