8/108 sources · 8 publishersUpdated Oct 8, 15:44 UTC
Nike reports Q1 FY2027 results and projects high‑single‑digit revenue decline
Nike announced first‑quarter fiscal 2027 revenue of $11.2 billion, down about 4 % year‑over‑year, and earnings per share of $0.48. Gross margin expanded to 42.8 %, and the company introduced the Pace transformation program targeting $2.5 billion of cumulative savings by fiscal 2031. Management guided to a high‑single‑digit revenue decline for the full year and adjusted EPS of $1.15‑$1.35, below analyst expectations.
Why it matters
The company expects revenue to fall high‑single‑digits and EPS to be $1.15‑$1.35, which is below consensus forecasts, implying lower earnings and potential pressure on the stock price (the company expects).
Key facts
- 1First‑quarter revenue was $11.2 billion, down 4 % on a reported basis. sec.gov
- 2Diluted earnings per share for the quarter were $0.48. sec.gov
- 3Gross margin expanded 60 basis points to 42.8 %. sec.gov
- 4The Pace program is projected to deliver approximately $2.5 billion in cumulative savings through fiscal 2031. sec.gov
- 5Nike forecasts full‑year fiscal 2027 revenue to decline high‑single digits. sec.gov
- 6Adjusted EPS for fiscal 2027 is expected to be $1.15‑$1.35, excluding about $0.15 of restructuring charges. sec.gov
Open questions
- Revenue decline is described as 4 % reported drop in some sources and a 5 % currency‑neutral decline in others.
Summary written by AlphAI from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.