The Eager Beavertons’ recognition of an expected $986 million recovery of IEEPA tariffs boosted net income fivefold to $1,069 million from $211 million in the final fiscal quarter ended May 31, as revenue dipped 1% to $10,972 million from $11,097 million, and would have been down 4% in constant currency. Nike Direct revenues fell 7% (-9% CC) to $4.1 billion, with digital dropping 12% and brick-and-mortar down 7%. Wholesale grew 4% (+1% CC) led by continued positive results in North America that more than offset struggles in China.

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