Nike Earnings Report: Nike Mind is Massive and Converse isn't Going Anywhere

Just from anecdotal evidence, we’ve all seen how insane the demand for Nike Mind is. Nike’s newest innovation in the recovery footwear department sold out instantly when it first released, and subsequent restocks have vanished from online sites and retail shelves just as quickly. Now, we have concrete numbers directly from Nike to justify the hyperbolic claims around the hype of the Mind 001, and its sneaker sibling, the Mind 002.

During Nike’s Q3 FY26 earnings call, CEO Elliot Hill directly mentioned the Mind technology and its two current family members, the Mind 001 and Mind 001. Hill stated the Mind series was the “highlight of the quarter,” and that 2 million consumers hit ‘notify me’ on Nike’s site for the sold out silhouettes. Clearly, with that much interest in the Mind, it’s clear to see why restocks have been flying. Luckily, for those who have yet to get a pair (or want to grab some back-ups), Nike is dropping three new colorways of the Mind 001 on April 2.

So far, between the Mind 001 and Mind 002, there have been 12 different colorways released, including the coveted fragment design collaboration on two Mind 002s and a Mind 001. As mentioned above, there are three new pairs of the Mind 001 dropping, with plans for more Mind 002 and Mind 001 colors at the end of the month. Alongside these new pairs, expect to see restocks for both models throughout the year.

While the success of the Mind represented a massive win for Nike, there was another key moment during the earnings call we want to highlight: Converse. Months ago, analysts were forecasting that Nike may dump Converse as the footwear brand’s performance had been steadily declining. This quarter, Converse was reported to be down another 30%. However, Nike CEO Elliot Hill reassured shareholders and industry onlookers that Converse “will remain an important part of the Nike family.”

We can only speculate on what will happen with Converse in the future, but considering the company is underperforming and hindering Nike’s growth, it would make sense to chuck the brand. Over Nike’s history, they’ve acquired multiple brands only to let them go, including Cole Haan, Bauer Hockey, and Hurley. Converse is the only acquired subsidiary brand Nike still has left, but again, with poor performance, it’s likely they will eventually cut their losses and sell.

If you’re looking to cop the next Nike Mind restock, find some cheap Converse deals, or just keep up with the latest happenings in the sneaker world, download the Sole Retriever mobile app.

Other Notable Call-Outs:

• The Air Max 95 had a stellar quarter, especially in the EMEA.
• The AJ 11 Gamma AJ 5 Wolf Grey both performed very well, selling out at full retail.
• Nike stabilized the market for both the Air Force 1 and Jordan 1, something they are still working on accomplishing for the Dunk.
  

Nicholas Vlahos

Sneakerhead from South Florida who turned his passion into a career. When not writing for Sole Retriever, I enjoy attending concerts, catching the latest movies, and trying new food. For tips, reviews, or any shoes in a size 13, email nick@soleretriever.com