Nike Reports Quarterly Results
Published July 3, 2026
Nike, Inc. (NKE) reported its fourth quarter and full-year results on Tuesday, June 30. Despite the company reporting better-than-expected earnings, shares fell more than 3% following release of the report.
Nike posted fourth quarter net revenue of $10.97 billion. This is a decrease from $11.10 billion reported in the same quarter last year but surpassed $10.86 billion in revenue that analysts expected. For the full year, the company reported $46.40 billion in sales, relatively unchanged from the year prior.
“In fiscal 2026, we took decisive actions to strengthen the foundation of NIKE, Inc. and reposition our business for long-term growth,” said Nike CEO, Elliott Hill. “We made meaningful structural improvements to lay the groundwork for our Sport Offense across our team culture, innovative product, brand strength, and how we serve consumers in our countries and cities. While we continue to face top-line headwinds, we are encouraged by progress in performance product and are focused on consistent execution, improved profitability and scaling our wins to realize our full potential.”
The company reported net income of $1.07 billion or $0.72 per adjusted share for the quarter. This was a significant increase from net income of $211 million or $0.14 per adjusted share reported last year. Full-year net income came in at $3.11 billion, down from $3.22 billion reported last year.
Nike Brand revenue was $10.7 billion during the quarter, down 3% from this time last year. Nike Direct segment sales fell 7% to $4.1 billion, which was attributed to a 12% decrease in Nike Brand Digital sales and a 7% decline in Nike-owned stores. Nike’s inventories were $7.5 billion in the quarter, flat compared to a year ago. Wholesale revenues were up 4% to $6.6 billion. The company’s gross profit margin increased 890 basis points to 49.2%, primarily due to the expected recovery of the International Emergency Economic Powers Act tariffs.
Nike, Inc. (NKE) shares ended the week at $44.09, up 7% for the week.
General Mills Announces Quarterly Earnings
General Mills, Inc. (GIS) posted its fourth quarter and full-year earnings on Wednesday, July 1. The company’s stock was up by over 4% after beating sales expectations for the quarter.
Net sales totaled $4.61 billion for the quarter, up 1% from $4.56 billion one year ago. Quarterly revenue beat analysts’ estimates of $4.38 billion. For the full year, the company reported $18.42 billion in sales, down 5% from the year prior.
“We finished fiscal 2026 on a positive note, delivering fourth-quarter adjusted results that met our expectations while continuing to strengthen our foundation to position General Mills for long-term success,” said General Mills CEO, Jeff Harmening. “With our price investment work behind us, our focus in fiscal 2027 is to improve our topline growth by driving a step change in the remarkability of our brands. This includes a significant increase in innovation and renovation centered on the benefits that matter most to today’s consumers.”
The company reported a net loss of $2.01 billion or $3.74 per adjusted share for the quarter. This was down from net income of $294.0 million or $0.53 per adjusted share during the same quarter last year. Full-year net losses came in at $87.6 million, down from net income of $2.30 billion reported last year.
General Mills reported that operating loss totaled $2.1 billion for the quarter. In the fourth quarter, General Mills reported $2.50 billion in net sales for its North America Retail segment, which was down 4% from the year prior. The North America Pet segment increased 4% to $702 million during the quarter. The company’s International segment increased 16% to $858 million in net sales. For fiscal year 2027, organic net sales are expected to be between a decline of 1.5% to and increase of 0.5% and adjusted diluted earnings to be between $3.00 and $3.20 per share.
General Mills, Inc. (GIS) shares ended the week at $37.57, up 4% for the week.
MSC Industrial Reports Third Quarter Results
MSC Industrial Supply Co. (MSM) reported its third quarter earnings on Wednesday, July 1. The industrial supplier’s stock rose by more than 10% after reporting revenue that exceeded analysts’ expectations.
MSC Industrial reported quarterly revenue of $1.05 billion. This was up almost 8% from revenue of $971.1 million during the same quarter last year and higher than analysts’ expectations of $1.03 billion in revenue.
“Our fiscal 3Q results that exceeded expectations provide evidence that we are fundamentally doing more with less and taking the right steps,” said MSC Industrial CEO, Martina McIsaac. “Underpinning this improved performance was strength in the Core Customer, which continued to outperform the total company, and notable improvement in National Accounts. I am grateful for the hard work and dedication of our team members that has allowed us to advance the strategic changes being made to strengthen the business.”
For the quarter, MSC Industrial reported net income of $80.36 million or $1.44 per diluted share. This was an increase from net income of $56.85 million or $1.02 per diluted share in the same quarter last year.
MSC Industrial, a distributor of metalworking and maintenance, repair and operations products, reported operating income totaling $106.7 million for the quarter, up 29% from the same quarter the prior year. The company’s operating margin also increased to 10.2% from 8.5%. According to the company’s guidance for the fourth quarter of fiscal 2026, it expects average daily sales in the next quarter to grow between 6.5% to 8.5%. For the full-year fiscal 2026, the company expects capital expenditures of approximately $90 million.
MSC Industrial Supply Co. (MSM) shares ended the week at $122.78, up 5% for the week.
The Dow started the holiday week of 6/29 at 51,995 and closed at 52,900 on 7/2. The S&P 500 started the week at 7,392 and closed at 7,483. The NASDAQ started the week at 25,502 and closed at 25,833.
