Nike: Q1FY27 Financial Schedules & Key Financial Metrics
Nike reported Q1FY27 revenues of $11.21B, down 4% YoY. Gross profit fell 3% to $4.79B, while net income declined 2% to $712M. Revenues dropped across most regions, with Greater China seeing a 22% decrease. Direct sales fell 8% YoY, while wholesale sales decreased 1%.
How this was made
The 30-second read
Why it matters
The earnings release highlights a revenue contraction and flat earnings, which may influence investor sentiment across consumer discretionary stocks.
Market read
Nike's earnings are a key indicator for consumer spending trends worldwide.
What to watch
Nike Direct sales decline is offset by wholesale strength; margin remains stable.
Background
Nike's Q1 FY27 results provide the first look at its performance for the fiscal year.
Ticker impact
Nike released its Q1 FY27 unaudited results showing revenue down 4% to $11.2B and EPS $0.48, indicating a slowdown.
likely downside as investors price in slower growth
Revenue decline and flat earnings suggest weaker demand, especially in Greater China, which could trigger sell pressure.
Market effects
Apparel and footwear sector may see broader scrutiny as Nike's slowdown hints at demand weakness.
Greater China exposure could weigh on other consumer stocks with similar exposure.
Nike's size makes its earnings a bellwether for global consumer discretionary sentiment.
Counterpoint
Despite revenue dip, strong cash position and inventory reduction could support a rebound.
Key entities
- CompanyNike, Inc.
Global athletic apparel and footwear manufacturer.
