Nike announces CFO transition and affirms fourth quarter fiscal 2026 results are in line with guidance.

NIKE, Inc. issued a press release announcing a planned CFO transition and confirming that its upcoming fourth quarter results are tracking to plan. The company did not provide specific financial figures, which are scheduled for release on June 30.

Key Highlights

• The company announced that David M. Denton, formerly CFO of Pfizer, will be appointed as the new Executive Vice President and Chief Financial Officer, effective in August.
• Management expects fourth quarter fiscal 2026 results to be 'generally in line' with previously provided guidance, excluding an unplanned benefit from tariff refunds.
• The current CFO, Matthew Friend, will step down and participate in the upcoming earnings call to ensure a smooth transition.