Nike reports Q1 fiscal 2027 revenue drop and warns of high‑single‑digit decline for full year
Nike posted first‑quarter fiscal 2027 sales of US$11,213 million and net income of US$712 million. Revenue fell about 4% year over year, with Greater China sales sharply lower. Management guided to a high‑single‑digit revenue decline for the full 2027 fiscal year and projected adjusted earnings of $1.15‑$1.35 per share.
Why it matters
The revenue decline and lower‑than‑expected earnings guidance suggest weaker demand and margin pressure, which could limit near‑term share price upside (the stock fell 2.2% after the release). Nike also announced a $2.5 billion cost‑saving program (Pace) through 2031, but the guidance indicates near‑term sales headwinds remain.
Key facts
- 1First‑quarter fiscal 2027 sales were US$11,213 million. finance.yahoo.com
- 2First‑quarter net income was US$712 million. finance.yahoo.com
- 3Revenue declined 4% year over year. zacks.com
- 4Greater China revenues fell 22% on a reported basis. zacks.com
- 5Management guided to a high‑single‑digit revenue decline for fiscal 2027. finance.yahoo.com
- 6Adjusted earnings per share are projected at $1.15‑$1.35 for fiscal 2027. zacks.com
Open questions
- Material 2 reports a 26% decline in Greater China revenue, while material 6 reports a 22% decline.
Summary written by AlphAI from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.