Full Transcript: Nike Q1 2027 Earnings Call - Nike (NYSE:NKE)
Nike (NYSE:NKE) reported Q1 2027 revenue of $11.2B, down 4%, with declines in Sportswear, Jordan Brand, and Greater China, but growth in running, football, and basketball. The company plans $2.5B in savings via PACE and expects high single-digit revenue decline for fiscal 2027, with EBIT declining more than revenue.
How this was made
The 30-second read
Why it matters
The revenue decline and guidance cut are material, likely prompting a sell‑off in the short term.
Market read
Nike's earnings miss and lowered outlook are likely to move the stock and influence the broader consumer discretionary sector.
What to watch
Strong performance in running, football and basketball segments may offset longer‑term weakness in Sportswear.
Background
Nike's Q1 FY2027 earnings call provides the first public disclosure of its quarterly results and forward guidance.
Ticker impact
Nike reported Q1 FY2027 revenue of $11.2 billion, a 4% decline, and lowered full‑year guidance, indicating weaker performance in Sportswear, Jordan Brand and Greater China.
likely downward pressure as investors price in weaker revenue and guidance
The disclosed decline in core segments and guidance cut are material for a large‑cap consumer discretionary stock.
Market effects
Consumer discretionary apparel sector may see broader pressure from Nike's slowdown.
Greater China exposure could weigh on Asian consumer stocks.
Nike's guidance cut may influence global consumer confidence metrics.
Counterpoint
If Nike's cost‑saving initiatives succeed, the stock could rebound faster than the market expects.
Key entities
- companyNike, Inc.
Global athletic apparel and footwear manufacturer.
- executiveElliott Hill
President and CEO of Nike, presented the earnings.
- executiveDave Denton
New CFO of Nike, discussed financial performance.
