Aug. 21 at 10:45 PM
$NKE Nike should sell Converse if they can’t revitalize it. Converse’s recent numbers are brutal. For Nike’s fiscal 2026 (ended May 31, 2026), Converse revenue fell ~31% to
$1.2 billion, with Q4 alone down 32% to
$244 million. That’s a multi-year slide from a peak near
$2.4 billion a few years earlier, and profitability has collapsed even harder (EBIT down dramatically).