Overview
- On Friday, Oct. 2, 2026, Nike reported fiscal Q1 2027 results with diluted EPS of $0.48 that beat expectations and revenue of roughly $11.2 billion that fell about 4% year‑over‑year.
- The company guided fiscal 2027 revenue to decline by a high‑single‑digit percentage and set adjusted EPS of $1.15 to $1.35 for the year.
- Nike unveiled 'Pace,' a multi‑year operating model that the company says will deliver roughly $2.5 billion in cumulative savings through fiscal 2031 and incur about $1.0 billion of pre‑tax charges, including roughly $300 million expected in fiscal 2027.
- Greater China remains a major weakness for Nike, with the region’s quarterly revenue down sharply to about $1.2 billion, and Nike said Nike Sportswear and Jordan Brand also need deeper work.
- Operational signs showed progress — gross margin expanded to 42.8% and inventory fell to about $7.8 billion — but the stock tumbled around 9–10% after the report as investors weighed the weak sales outlook; Nike named Dave Denton its new CFO in August and will provide more detail at an investor day in November.