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耐克公司NIKE(NKE)2026财年第三季度财报电话会议纪要「NYSE」(英文版)(16页).pdf

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1、1 REMARKS AS PREPARED FOR DELIVERY Q3FY26 NIKE Inc.Conference Call March 31,2026 The following material represents prepared remarks for NIKE,Inc.s earning conference call and is not an official transcript.These remarks are provided only for reference purposes until an official transcript is made ava

2、ilable.These prepared remarks do not reflect questions asked by participants in the conference call or responses from NIKE,Inc.management,and information presented by NIKE,Inc.during the conference call may differ materially from these prepared remarks.Information contained in these remarks was curr

3、ent only as of the date of the conference call and may have subsequently changed materially.NIKE,Inc.does not update or delete outdated information contained in these prepared remarks and disclaims any obligation to do so.OPERATOR Good afternoon,everyone.Welcome to NIKE,Inc.s Third Quarter Fiscal 20

4、26 conference call.For those who want to reference todays press release youll find it at .Leading todays call is Paul Trussell,VP of Corporate Finance and Treasurer.Now I would like to turn the call over to Paul Trussell.PAUL TRUSSELL Thank you,operator.Hello everyone and thank you for joining us to

5、day to discuss NIKE,Inc.s Third Quarter Fiscal 2026 results.Joining us on todays call will be NIKE,Inc.President and CEO Elliott Hill,and EVP and CFO,Matt Friend.Before we begin,let me remind you that participants on this call will make forward-looking statements based on current expectations and th

6、ose statements are subject to certain risks and uncertainties that could cause actual results to differ materially.These risks and uncertainties are detailed in NIKEs reports filed with the SEC.In addition,participants may discuss non-GAAP financial measures and non-public financial and statistical

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1. **业绩与战略**:Nike处于复苏中期,通过"Win Now"行动改善业务健康度,Q3营收持平(货币中性-3%),毛利率降至40.2%(受关税影响)。 2. **核心进展**: - 跑步业务增长超20%,足球业务推进改革(如Tiempo鞋款发布); - 北美市场增长3%,批发业务增11%,但直营渠道下滑; - 大中华区营收降10%,正清理库存并调整渠道策略。 3. **成本与库存**:计提2.3亿美元遣散费(供应链与技术重组),库存减少1%,但单位库存下降中高个位数。 4. **未来展望**:预计财年Q4营收降2-4%,Q2毛利率开始回升,秋季投资者日将公布长期计划。
**Nike的复苏进展?** **足球业务新战略?** **中国市场如何调整?**
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