Nike reported earnings per share of $0.48, beating estimates, but revenue fell short at $11.21 billion due to weak demand in Greater China and rising competition. The company issued a cautious fiscal 2027 outlook with EPS forecast between $1.15 and $1.35, below analyst expectations, and warned of a high-single-digit revenue decline. This led to a 5.8% drop in after-hours trading. Nike's CEO highlighted progress in its performance segment but acknowledged ongoing challenges in key areas including Sportswear, Jordan Brand, and China market.
As of Oct 02, 2026 04:23 WIB, Nike (NKE) shares on Pluang are trading at USD 33.80, down 4.52% for the day, reflecting a notable decline following the earnings miss and cautious outlook. The stock's market capitalization stands at $52.52 billion, with a dividend yield of 4.63%. Investor sentiment on Pluang shows 61% buying activity against 39% selling, indicating mixed reactions to the company's forecast and performance.
Nike Inc forecasted a high-single-digit percentage decline in revenue and adjusted earnings per share of $1.15 to $1.35 for fiscal 2027, below analyst estimates of $1.65. The company reported a 4% drop in first-quarter revenue to $11.21 billion, miss...
Nike is set to release its quarterly earnings on October 1, 2026, with analysts forecasting an EPS of $0.44 and revenue of $11.32 billion, both down from last year. The company's stock has fallen 80% this year, hitting 13-year lows, reflecting a chal...
Nike's first signature sneaker for basketball star Caitlin Clark, the Caitlin 1, sold out quickly after its U.S. release, with only large sizes remaining an hour after launch. The shoe retails for $140 and is available in two colors, with kids' sizes...
Nike is expected to report flat sales for its fiscal first quarter as it continues to face challenges in China and other key markets. The company’s revenue growth has stalled, with a 12% sales drop in China and slightly missed expectations in North A...
Nike's stock is near its lowest level in 13 years due to increased competition from e-commerce and social media, which have eroded its traditional advantages. The company is undergoing a strategic shift away from direct-to-consumer sales, causing mar...
