Nike posts 35% profit decline for Q3 as China sales slide
Nike reported Q3 fiscal 2026 revenue of $11.28 billion, flat YoY, with net profit falling 35% to $520 million. Results for the quarter ended February 28 beat analyst expectations of $11.23 billion in revenue and $423 million in profit. The Nike brand grew 1% to $11 billion, with North America up 3%; China declined 7%. Converse fell 35% YoY to $264 million across all regions. Earnings per share came in at 35 cents, above the consensus of 29 cents. Nike shares fell 3.28% in after-hours trading. The company returned approximately $609 million to shareholders, up 3% YoY.
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