Nike Collects $300 Million in Q4 Tariff Cash as It Books Remaining IEEPA Claims Receivable
Updated
Updated · Seeking Alpha · Jul 1
Nike Collects $300 Million in Q4 Tariff Cash as It Books Remaining IEEPA Claims Receivable
3 articles · Updated · Seeking Alpha · Jul 1
Summary
$300 million in cash reached Nike in the fiscal fourth quarter ended May 31 from claims tied to tariffs imposed under the IEEPA.
Nike said the rest of the benefit was recorded as accounts receivable while it waits for reimbursement, showing only part of the tariff recovery has been paid in cash.
The disclosure adds detail to Nike's earlier report of a $986 million tariff refund that helped lift fourth-quarter earnings and gross margin.
That refund had offset weaker operating trends, including a 12% drop in China sales, underscoring how much the quarter's beat depended on tariff-related relief.