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This live blog is being updated by Thomas Richmond, a 24/7 Wall St. contributor. Simply stay on this page, and new updates will appear below automatically.
We expect Nike to release Q1 earnings shortly after 4:15 p.m. ET.
Nike heads into fiscal Q1 earnings with little room for error. Management guided for revenue to fall by a low- to mid-single-digit percentage, while Wall Street expects roughly $11.3 billion in sales and $0.44 per share in earnings.
Last quarter, Nike’s Q4 gross margin jumped 890 basis points to 49.2%, but almost all of that improvement came from a roughly 900-basis-point tariff refund benefit.
This quarter should give investors a much clearer view of whether the company’s underlying turnaround is actually improving profitability.
Greater China revenue fell sharply last quarter, and current estimates call for another 12.6% decline in Q1.
With Nike shares already reflecting considerable skepticism about the turnaround, clean margin improvement and signs of stabilization in China could be among the most important factors to watch tonight, besides the EPS number.
This article is updated throughout the trading day. Check back for more.
Nike (NYSE:NKE | NKE Price Prediction) is expected to report fiscal Q1 2027 results today at 4:15 PM ET after the bell. Shares trade at $35.99, down 42.01% year-to-date.
In Nike’s fiscal Q4 report last quarter, on June 30, Nike posted $0.72 in EPS, mostly driven by a one-time IEEPA tariff recovery of $986 million. Without the recovery, EPS came in at $0.20, and gross margin was 40.2%, down 10 basis points.
Nike Direct fell 9%, and Nike Digital dropped 12%, while wholesale grew 1%. Nike’s CEO Elliott Hill has called fiscal 2026 a rebuild year under the Win Now plan, which moved about 8,000 employees into teams organized by sport. Running grew at double-digit rates for five consecutive quarters, but Sportswear and Jordan Streetwear are still struggling.
| Metric | Q1 FY2027 Estimate | YoY Change | FY 2027 Estimate | FY 2028 Estimate |
|---|---|---|---|---|
| Revenue | $11.32B | -3.38% | $45.46B | $47.03B |
| EPS | $0.4411 | -9.98% | $1.6781 | $2.1286 |
Analysts expect both revenue and earnings to fall from the year-ago quarter, matching management’s guidance. Fiscal 2027 EPS consensus has dropped from $1.82 90 days ago, with five down revisions in the past 30 days. The fiscal 2028 estimate assumes the turnaround picks up next year.
Here are some of the biggest things I’m watching when Nike reports tonight:
| Quarter | EPS Surprise | Day-of Move | 1-Day Move | 7-Day Move | 30-Day Move |
|---|---|---|---|---|---|
| FQ4 2026 | +465.59% | -1.04% | +4.9% | +4.48% | +1.61% |
| FQ3 2026 | +24.25% | -15.51% | -0.99% | -1.41% | -3.45% |
| FQ2 2026 | +41.9% | -10.54% | -2.54% | +4.26% | +10.78% |
| FQ1 2026 | +84.49% | +6.41% | +0.5% | -6.89% | -12.95% |
On average, over the past year, shares reacted by 0.11% in the seven days following earnings.
Contact [email protected] for any questions or corrections.
Thomas Richmond is a financial writer and content strategist with 5+ years of experience covering stocks and financial markets. He has published over 500 articles focused on individual stock analysis, helping investors better understand business fundamentals, stock valuations, and long-term opportunities.
Thomas previously served as a Content Lead at TIKR, a stock research platform, where he helped scale the company’s blog to hundreds of articles per month and contributed to a weekly newsletter reaching more than 100,000 investors.
Outside of work, Thomas enjoys weight lifting and soccer.
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