Nike Inc. (NKE) Q1 2027 (USD): EPS 0.48 (exp. 0.44), Revenue 11.2bln (exp. 11.33bln)
Nike beat the EPS estimate but missed the revenue estimate; its update also reported mixed operating metrics, announced repositioning actions and Pace, and forecast a high-single-digit FY2027 revenue decline.
News detail
Gross profit 4.8bln (exp. 4.8bln). Gross margin 42.8% vs. 42.2% y/y Nike Brand revenue 10.95bln (exp. 11.09bln) Greater China EBIT 248mln (exp. 312.2mln) Inventory 7.8bln (exp. 7.96bln) Sport Offense continued to drive momentum across priority sports Taking actions to reposition Nike Sportswear, Jordan Brand, and Greater China Announces Pace, an operating model transformation to scale the success of the Sport Offense Expects revenue to decline by high single digits in FY27.
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