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Converse sales drop drives Nike Q3 decline

02/04/2026

NIKE reported third quarter fiscal 2026 revenues of $11.3 billion for the period ended February 28, 2026, unchanged on a reported basis and down 3 percent on a currency-neutral basis.

Wholesale revenues rose 5 percent to $6.5 billion, while NIKE Direct revenues fell 4 percent to $4.5 billion. Converse sales declined 35 percent to $264 million.

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