Nike Inc Class B

NKE: XNYS (USA)

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Nike Earnings: China Weakness and Tariffs Overshadow Progress; Shares Very Attractive

David Swartz

Dec 19, 2025

Nike's fiscal 2026 second-quarter sales edged up 1% as 9% growth in North America (45% of total) offset a steep 17% decline in Greater China (12%). Due to higher tariffs, Nike's gross and EBIT margins both declined about 3 percentage points to 40.6% and 8.1%, respectively. Overhead expenses fell 4%.

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Nike Inc Class B

Nike Earnings: China Weakness and Tariffs Overshadow Progress; Shares Very Attractive

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