Nike Shares Edge Higher as Running Segment Gains Traction Ahead of Earnings
Nike's stock saw modest gains as investors positioned for its fiscal Q2 2026 earnings release, with the running category emerging as a bright spot. Refreshed product lines like the Vomero 18 and Pegasus Premium are driving sell-through momentum.
Analysts remain focused on margin recovery, inventory management, and China's performance as key near-term catalysts. The company's increased marketing spend—projected to reach $5 billion by 2026—aims to revitalize brand equity without compromising profitability.
CEO Elliott Hill's turnaround strategy faces a critical test during Thursday's earnings call. Market participants will scrutinize whether operational improvements can offset macroeconomic headwinds in the sportswear sector.