NIKE (NKE) Appoints PricewaterhouseCoopers For Fiscal Year 2026 Accounting

At its Annual General Meeting on September 9, 2025, NIKE (NKE) shareholders approved PricewaterhouseCoopers LLP as its independent accounting firm for the fiscal year ending May 31, 2026. Over the past quarter, NIKE's share price experienced a 22.8% increase, reflecting broader market trends where indices reached record highs, particularly spurred by expected interest rate cuts from the Federal Reserve. Despite a challenging earnings report earlier in the period, the company's announcement of a quarterly dividend and its continued strategic activities like share buybacks may have added positive weight to its overall performance during this period of market optimism.

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The recent selection of PricewaterhouseCoopers LLP as NIKE's independent accounting firm, combined with the share price increase of 22.8% in the last quarter, aligns with the company's ongoing strategic shifts. These changes include a transition to sports performance products and streamlined digital strategies, which could support potential revenue and earnings growth. However, this quarter's gains follow a longer-term decline of 3.09% over the past year in total shareholder return, highlighting the challenges NIKE faces amid market conditions.

Relative to the US market, which gained 19.9% over the past year, NIKE's shares have underperformed. This underperformance contrasts with its projected revenue and earnings improvements, alongside anticipated profit margin enhancements from 7% to 8.6% within the next three years. The recent share price, at US$74.33, suggests a cautious optimism among investors, as it approaches the consensus analyst price target of US$78.91, indicating a potential 6.7% increase. This closeness to the target reflects a general sentiment of fairness in the current pricing, balancing future growth expectations against present market challenges and earnings volatility.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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