Converse
Revenue fell 31% in fiscal 2026 and 28% in the quarter ended August 31, 2026.
The numbers
What it is
Converse sells lifestyle footwear and apparel as a separate brand. It is the steepest decliner among Nike's businesses in fiscal 2026 and the latest quarter.
Why it matters to the stock. Converse is small (about 2.5% of revenue) but its declines are steep. Any restructuring or sale talk would move sentiment more than the revenue suggests.
News
Nike guides fiscal 2027 revenue down high-single digits; adjusted EPS $1.15 to $1.35
Nike expects fiscal 2027 revenue to decline by a high-single-digit percentage and set adjusted diluted EPS guidance of $1.15 to $1.35.
Guidance
Nike sets Investor Day for November 16 to 17, 2026
Nike's October 1 announcement set its Investor Day for November 16 and 17, 2026, with a company-wide team meeting on November 18.
News