Key Takeaways NIKE posted Q2 FY26 EPS of $0.53 and revenues of $12.43B, both topping estimates.NKE's EPS fell 32% YoY as gross margin slid 300 bps on tariffs and inventory obsolescence.Weak NIKE Digital and Greater China sales drove after-hours stock decline despite gains in North America.NIKE Inc. (NKE) reported second-quarter fiscal 2026 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. While the revenues improved on a year-over-year basis, earnings per share (EPS) declined. The ...

与北美市场的强势形成对比的是，大中华区仍面临复苏挑战。当季大中华区营收同比下降17%，其中数 字业务下滑36%，批发业务下降15%，EBIT（息税前利润）降幅达49%。 耐克方面表示，受门店客流量下降、库存老化及数字渠道折价销售等因素影响，品牌高端定位受到一定 冲击。为扭转局面，公司已在北京、上海等核心城市推进门店试点改革，聚焦体育创新产品展示，并 在"双十一"期间主动减少促销活动，同时加速清理老化库存，耐克自有库存单位数量已同比下降20%。 Elliott Hill强调，大中华区仍是全球最具潜力的体育市场，公司将进一步适配本地市场特征，优化单品 牌运营模式与数字生态布局。 产品创新与战略调整成为本次财报的重要亮点。耐克在本季度正式推进"体育攻势"（Sport Offense）战 略，通过鞋履、服装、装备全品类创新驱动增长。即将于2026年推出的新品中，包括跑步系列Structure Plus、冬奥会首发的Therma-FitAir Milano保暖夹克，以及应用Aero-fit透气技术的国家队队服等。足球品 类方面，世界杯相关产品订单量较2022年增长近40%，公司计划升级全球逾1500家门店以支持销售。此 ...

Nike Inc. (NYSE:NKE) reported better-than-expected earnings and sales results for the second quarter, but posted a decline in gross margins for the second straight quarter.Nike posted second-quarter revenue of $12.43 billion, beating analyst estimates of $12.22 billion, according to Benzinga Pro. The company reported second-quarter earnings of 53 cents per share, beating analyst estimates of 38 cents per share."Nike is in the middle innings of our comeback. We are making progress in the areas we prioritized ...

Stocks look set toclose out a choppy week on a steady note, building on Thursday’s gains, spurred by cooler inflation that backs the case for lower borrowing costs. As of 8:00am, S&P 500 futures were 0.1% higher while Nasdaq 100 contracts were up 0.2% after the WSJ reported that OpenAI is set to raise $100BN in fresh capital (from sov wealth funds) removing near-term funding pressures across the AI sector. In premarket trading Oracle is up 6%, off session highs, with the rest of the Mag 7 complex mostly hig ...

Nike Inc. shares fell after the company warned that sales will decline this quarter amid persistent weakness in China and at its Converse brand. The world’s largest sportswear company expects revenue to be down in the low-single digits in the three months that started Dec. 1, a surprising turn after two straight periods of growth. Most Read from Bloomberg While Nike is making progress, especially in North America and the running category, investors are eager for the company to make headway in other are ...

U.S. stock futures were mostly higher this morning, with the Nasdaq 100 futures gaining around 100 points on Friday.Shares of BlackBerry Ltd (NYSE:BB) fell in pre-market trading following third-quarter results.BlackBerry reported third-quarter revenue of $141.8 million, beating analyst estimates of $137.4 million. The company reported adjusted earnings of 5 cents per share for the quarter, beating estimates of 4 cents per share, according to Benzinga Pro. Total revenue was down roughly 1% on a year-over-yea ...

This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Witching hourA trader works at his desk on the floor of the New York Stock Exchange (NYSE) after the opening bell in New York on December 3, 2025. Timothy A. Clary | Afp | Getty ImagesWall Street could be in for a wild trading day when options on four types of securities expire: index options, single stock options, index futures and ind ...

Good morning. So, you just lowered your price target after this earnings, but you kept an overweight rating. Explain the rationale there.Lowering the price target, but keeping the rating. >> Uh yeah. No, good morning and uh thanks for having me.Great to be here. Uh listen, quoting, you know, Elliot Hill himself, uh this is not a turnaround that's linear, you know, by any means. uh they never are, you know, especially in a competitive consumer space and especially in this athletic space uh which is an extrem ...

We got some news on Nike today. Uh Nike shares down sharply. Uh really on China weakness, also some soft guest guidance.Joining us right now is Kevin McCarthy. His Newberger Burman, a senior research analyst. The stock off about 10% right now.Kevin, uh you heard what we heard from Nike about all this. Do you say to yourself this is a dip worth buying. Do you say that there there's more to go.What what are your feelings here. >> Yeah, good morning, Andrew. Um, you know, I I think clearly the market is going ...

报告行业投资评级 - 行业评级为“推荐” [1] 报告核心观点 - 报告认为Nike的复苏趋势仍待进一步明晰，集团指引下一季度收入将下滑，低于市场预期 [1][4] - 纺服制造行业在2025年内呈现前高后低的营收趋势，当前海外品牌大多位于去库末期，库存整体较为健康 [4] - 看好龙头制造企业的中长期成长性，若全球零售需求好转，品牌有望在被动去库后主动补库，与龙头品牌深度绑定的制造厂商有望实现订单与估值修复 [4] 根据相关目录分别进行总结 Nike FY2026Q2业绩表现 - Nike集团FY2026Q2收入为124亿美元，同比微增0.6%，固定汇率下收入同比持平，优于公司此前给出的低单位数下滑指引 [4] - 剔除三大经典鞋款去库的基数影响后，固定汇率下集团收入同比增长6% [4] - 集团库存金额同比下降3%，库存量同比下滑高个位数，北美和EMEA地区库存健康，大中华区及APLA部分地区仍需去库 [4] - 集团毛利率同比下降3.0个百分点至40.6%，主要因北美关税导致产品成本上升及大中华区库存滞销 [4] 地区复苏情况分化 - **北美地区**：Nike品牌收入同比增长9%，其中直营渠道下降10%，批发渠道增长24%，复苏趋势由跑步品类向篮球和训练业务推进 [4] - **EMEA地区**：收入同比下降1%，主因促销活动多于预期及西欧市场下滑 [4] - **大中华区**：收入同比下降16%，主因客流下滑、售罄率较低、老旧库存堆积，品牌折扣销售影响了高端定位，公司已主动减少夏季采购 [4] - **APLA地区**：收入同比下降4%，主因部分亚太国家市场拖累 [4] 品类与渠道表现 - **运动类别**：跑步业务增长强劲，FY2026Q2同比增长超过20%，延续了第一季度的高增长势头，直营和批发渠道均实现双位数增长 [4] - **产品品类**：Nike品牌鞋类收入同比持平，服装收入同比增长4%，装备品类收入同比增长1%，服装增速领先 [4] - **销售渠道**：固定汇率下，Nike品牌批发收入同比增长8%，主要由北美批发驱动；直营收入同比下降9%，其中数字渠道下降14%，门店渠道下降3% [4] 集团未来业绩指引 - 集团指引FY2026Q3收入将同比下滑低单位数，低于此前彭博一致预期的低单位数增长 [4] - 集团预计北美地区将实现温和增长，而大中华区和匡威品牌将继续处于低位 [4] - 利润端，预计FY2026Q3毛利率将同比下滑1.75至2.25个百分点，但剔除关税影响后的毛利率将有所改善；销售及管理费用预计将低单位数增长，主要因需求创造和营销费用增加 [4] 纺服制造行业现状 - **制鞋企业**：以2025年11月营收为例，裕元同比-2%、丰泰-12%、来亿-6%、钰齐+7%、志强-1%；2025年1~11月累计营收同比分别为+1%、-5%、+6%、+21%、+12% [4] - **制衣企业**：以2025年11月营收为例，儒鸿同比+2%、聚阳持平、广越+32%；2025年1~11月累计营收同比分别为+4%、-2%、+18% [4] - 整体行业营收在2025年内延续前高后低趋势 [4] - 海外品牌库存整体健康，美国批发和零售库存均位于历史较低水平，Nike、VF集团、Lululemon均处于去库末期，预计年底完成去库；Deckers和On库存健康；Adidas为2026年世界杯主动累库；Puma去库仍处于前期 [4] 行业展望与投资建议 - 当前中美贸易关系阶段性缓和，关税政策影响有所缓解 [4] - 展望2026年，制造订单确定性或增强，若全球纺服零售需求好转，服饰品牌有望在被动去库后进入主动补库阶段 [4] - 全球运动品牌龙头Nike正处于经营转折关键期，若其复苏趋势确定性增强，与之深度绑定的制造厂商有望实现订单与估值修复 [4] - 中长期看，纺服制造企业产能全球化布局趋势持续，能满足下游品牌供应链风险分散需求的厂商将持续获得市场份额 [4] - 建议关注鞋履制造商华利集团、裕元集团，服装制造龙头申洲国际，以及国产辅料龙头伟星股份等 [4]