Nike is set to report earnings after the bell. Here's what to expect

The iconic Nike swoosh design is displayed in a window of the athletic company's new store on Broadway in Manhattan on April 24, 2026 in New York City. Spencer Platt | Getty Images Nike is set to report fiscal fourth-quarter results after the bell Tuesday as the shoe retailer struggles to regain sales growth and turn around its business under CEO Elliott Hill. The company previously said it expected sales to fall for the rest of the calendar year, while projecting a decline of 2% to 4% in its fiscal fourth quarter. That expectation was well under Wall Street estimates of an increase of 1.9%. Still, Nike said last week that its results will include an unexpected benefit from tariff refunds that was "not contemplated in the company's previously provided guidance." Chief Financial Officer Matt Friend said on the earnings call for the fiscal third quarter that Nike expects sales to fall by a low single-digit percentage for the rest of the calendar year, led by growth in North America but offset by a big drop in China. The company's gross profit margin also took a hit last quarter due to higher tariffs in North America. In its fiscal third quarter, Nike reported steady growth in North America with a 3% sales increase, while its Greater China market saw revenue sink 7% to $1.62 billion for the quarter. …