Nike (NKE) Q1 2027 Earnings

Yes. Nike reported Q1 2027 earnings of $0.48 a share on Oct 1, 2026, beating the $0.44 consensus estimate by 8.8%. Revenue was $11.2B against a $11.3B estimate.

Nike posted a mixed fiscal first quarter of 2027, delivering stronger-than-expected earnings even as revenue continued its downward trajectory, with shares already trading near 52-week lows heading into the print. GAAP diluted EPS of $0.48 cleared the $0.44 consensus estimate by 8.82%, supported by a 60-basis-point expansion in gross margin to 42.8% driven by lower warehousing and logistics costs, along with disciplined cost controls that trimmed selling and administrative expenses 3% to $3.91 billion. Revenue, however, slipped 4.3% year over year to $11.21 billion, coming in just under the $11.32 billion consensus, with Greater China standing out as a particular pressure point after plunging 22% to $1.18 billion. North America was the lone geographic bright spot, growing 2% to $5.13 billion. Looking ahead, Nike guided for fiscal 2027 revenues to decline high-single digits and introduced its "Pace" restructuring initiative, which targets approximately $2.50 billion in cumulative savings through fiscal 2031 at a cost of roughly $1.00 billion in pre-tax charges over the same period.