NIKE (NKE)

Hold Recap: Q3 FY26

North America Inflects, Converse Collapses, and Q4 Guides to Its Worst Quarter in a Decade — Hill's Turnaround Is Real but the P&L Has One More Ugly Chapter

Hold Flashcap: Q3 FY26

North America Finally Inflects but the Forward Read Is Alarming: Q4 Guide Calls for Mid-Teens Revenue Decline and 400-500 bps Margin Compression as Tariff Costs Accelerate

Hold Recap: Q2 FY26

North America Surges 9% but China Collapses 17% and Gross Margin Sinks to 40.6% — The Turnaround Is Working in Half the World and Failing in the Other Half

Outperform Recap: Q1 FY26

The Inflection Is Here: Revenue Grows for the First Time, Wholesale Surges 7%, and the 81% EPS Beat Confirms the Trough Was Real — Upgrading on the Turn

Hold Recap: Q4 FY25

Management Declares "The Low Point" and the Stock Surges 14% — But Revenue Is Still Down 12%, Margins Are at COVID Lows, and a $1.5B Tariff Bill Is Coming

Hold Recap: Q3 FY25

Elliott Hill's First Real Scorecard: Revenue Still Down 9%, But the 86% EPS Beat Says the Cost Cuts Are Working — Now He Needs to Prove He Can Grow