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Inventories by Segment
Reports inventory levels for each segment and product group, signaling whether stock is balanced with demand. High inventories relative to sales can force markdowns and compress margins, while low stock may indicate supply constraints and missed sales opportunities.Nike’s inventory moves are uneven: meaningful destocking in Greater China and Converse signals improved sell‑through and reduces markdown risk, while EMEA (and parts of North America) carry higher inventories tied to promotions and closeout mix. That split explains why management sees margin recovery only after the tariff benefit—operational margin gains depend on clearing EMEA stock and stabilizing Nike Direct; inventory progress is real but regional, so near‑term margins remain vulnerable until EMEA/Direct trends normalize.
Date | North America | EMEA | Greater China | APAC & LATAM | Global Brand Divisions | Converse | Corporate |
|---|---|---|---|---|---|---|---|
Sep 30, 2026 | $3.49B | $2.21B | $853.00M | $1.05B | $175.00M | $148.00M | -$79.00M |
Jun 30, 2026 | $3.32B | $2.25B | $793.00M | $964.00M | $166.00M | $171.00M | -$166.00M |
Mar 31, 2026 | $3.17B | $2.27B | $937.00M | $1.01B | $157.00M | $195.00M | -$248.00M |
Dec 31, 2025 | $3.26B | $2.17B | $1.07B | $1.00B | $152.00M | $229.00M | -$163.00M |
Sep 30, 2025 | $3.52B | $2.13B | $1.10B | $1.07B | $142.00M | $247.00M | -$90.00M |
Jun 30, 2025 | $3.20B | $2.04B | $951.00M | $905.00M | $148.00M | $272.00M | -$27.00M |
Mar 31, 2025 | $3.11B | $1.89B | $1.10B | $934.00M | $154.00M | $285.00M | $67.00M |
Dec 31, 2024 | $3.41B | $1.92B | $1.25B | $907.00M | $166.00M | $306.00M | $12.00M |
Sep 30, 2024 | $3.52B | $2.06B | $1.23B | $977.00M | $158.00M | $313.00M | -$12.00M |
Jun 30, 2024 | $3.13B | $2.03B | $1.07B | $810.00M | $166.00M | $296.00M | $15.00M |