Nike reported weak first-quarter results and issued disappointing guidance for fiscal year 2027, causing its shares to fall in after-hours trading. The company saw a 26% year-over-year revenue drop in Greater China, with no expected recovery until fiscal 2028 or later due to strong local competition. Nike is addressing oversaturation in its Jordan Brand by reducing product launches, a move expected to hurt FY27 results but improve brand health over the long term. The analyst holds a small position but views Nike as a stagnant investment for the next 2-3 years amid better opportunities elsewhere.
Nike's market cap stands at $52.52 billion as of Oct 02, 2026, 10:21 WIB, with a dividend yield of 4.63%. Despite the recent weak quarterly results and cautious outlook, Nike shares are actively traded with a volume of 37,828,459 on Pluang. The stock price is currently $32.09, down 9.35% for the day, reflecting investor reaction to the company's challenges in Greater China and strategic brand adjustments.
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's stock has dropped 76% over the past five years, currently trading at 21 times forward earnings despite this decline. The company's Q1 earnings showed a 4% revenue decrease, particularly weak in Europe and Greater China, with guidance falling b...
Nike's financial outlook for fiscal year 2027 is deteriorating, marked by shrinking revenue, a 22% drop in China sales, and a 28% decline in Converse sales. The company relies heavily on costly retailer working capital and faces margin risks despite ...
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 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...
