8/104 sources · 4 publishersUpdated Oct 8, 15:44 UTC
Nike reports Q1 FY2027 sales decline and projects high‑single‑digit revenue drop for FY27
Nike posted first‑quarter revenue of $11.21 billion, down 4% year‑over‑year, and diluted earnings of $0.48 per share, slightly above expectations. Sales fell 22% in Greater China and digital channels slipped, while North America grew 2%. The company forecast FY2027 revenue to fall by a high single‑digit percentage and adjusted EPS to range between $1.15 and $1.35.
Why it matters
The outlook signals lower top‑line growth and narrower earnings than analysts expect, which could pressure the stock and affect investor valuations.
Key facts
- 1Q1 FY2027 revenue was $11.21 billion, down 4% year‑over‑year. marketscreener.com
- 2Diluted EPS for the quarter was $0.48 per share. marketscreener.com
- 3Gross margin expanded 60 basis points to 42.8%. tradingview.com
- 4Nike Direct sales fell 8% and digital channel sales declined 13%. marketscreener.com
- 5Revenue in Greater China dropped 22% year‑over‑year to $1.2 billion. tradingview.com
- 6North America revenue grew 2% year‑over‑year. marketscreener.com
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.