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, missing estimates, while earnings per share slightly beat expectations. Nike's Greater China sales fell 22%, and Converse revenue plunged 28%, signaling challenges in key segments. To address these, Nike introduced the 'Pace' operating model to modernize its supply chain and expects $2.5 billion in savings by fiscal 2031, aiming to strengthen its long-term growth.
Nike's shares on Pluang dropped 4.55% to USD 33.79 as of Oct 02, 2026 03:41 WIB, reflecting investor reaction to its revenue outlook. The stock's dividend yield stands at 4.63%, contrasting with the sharp revenue declines Nike faces, including a 22% fall in Greater China sales. Despite a market cap of $52.52 billion, the typical hold time of 155 days suggests moderate investor confidence amid these challenges.
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 $...
Nike announced deeper restructuring under CEO Elliott Hill, including job cuts and reorganizing global divisions into three regions, following a forecast of a steep revenue decline. The company faces ongoing challenges, especially in China where sale...
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...
