Nike reports Q1 earnings miss and forecasts high‑single‑digit revenue decline for fiscal 2027
Nike posted first‑quarter revenue of $11.21 billion, missing consensus estimates of $11.33 billion, and earnings per share of $0.48, down from $0.49 a year earlier. The company said fiscal 2027 revenue will fall in the high‑single‑digit range and guided adjusted earnings of $1.15‑$1.35 per share. CEO Elliott Hill and CFO Dave Denton highlighted cost‑saving plans and a new operating model called Pace.
Why it matters
The revenue miss and weaker outlook pushed Nike shares down 4‑6% in after‑hours trading, reducing the market value of the stock. The guidance signals lower top‑line growth for the next fiscal year, which may affect analysts' earnings forecasts and investors' valuation models.
Key facts
- 1First‑quarter revenue was $11.21 billion, below the $11.33 billion consensus estimate. finance.yahoo.com
- 2Earnings per share were $0.48, compared with $0.49 a year earlier. finance.yahoo.com
- 3Revenue declined 4% year‑over‑year. asktraders.com
- 4Gross margin expanded 60 basis points to 42.8%. finance.yahoo.com
- 5Nike expects fiscal 2027 revenue to decline in the high single digits. benzinga.com
- 6Adjusted earnings guidance for fiscal 2027 is $1.15‑$1.35 per share, below the $1.69 estimate. benzinga.com
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.