Nike Sales Miss Estimates as Revenue Declines 4.3% YoY

Nike (NYSE:NKE) reported lower-than-expected sales in its Q3 CY2026 earnings, with revenue falling 4.3% year-on-year to $11.21 billion.

This missed Wall Street's estimates of $11.33 billion and marked a decline from the same quarter last year.

The company's GAAP profit of $0.48 per share was 9.9% above analysts' consensus estimates, but this beat did little to offset concerns about Nike's sales performance.

Nike also reported an operating margin of 8.1%, in line with the same quarter last year.