NKE is trading 4.1% down at $39.37 in pre-market trading following mixed fiscal Q4 results and a cautious near-term sales outlook.

  • While EPS beat estimates due to a one-time IEEPA tariff recovery, revenue declined 1% and full-year EPS fell 3%.
  • Management highlighted challenged sell-through and specific weakness in the Sportswear and Jordan Streetwear categories.
  • The downward move is compounded by modest macro pressure as major index futures trade slightly lower.