NIKE (NKE) Q1 Fiscal 2027 Earnings Call: FY27 Revenue Seen Down High Single Digits
Source Tradingkey
Key Takeaways
- NIKE, Inc. reported fiscal Q1 2027 revenue of $11.2 billion, down 4% on a reported basis and 5% on a currency-neutral basis.
- Gross margin increased 60 basis points to 42.8%, supported by supply-chain cost management and foreign-exchange tailwinds. Dilution from discounts and channel mix partially offset those benefits.
- NIKE Performance grew at a high-single-digit rate, with double-digit growth in Running, Global Football, Tennis and Golf. However, Sportswear, Jordan Brand and Greater China remained significant headwinds.
- Greater China revenue fell 26%. Management said its marketplace reset will pressure the region’s revenue and profitability in the near term, with revenue expected to worsen over the remainder of fiscal 2027.
- Management expects fiscal 2027 revenue to decline at a high-single-digit rate and adjusted EPS of $1.15 to $1.35, excluding approximately $0.15 per share related to the Pace program.
- NIKE expects Pace to generate approximately $2.5 billion in savings. Most savings are expected in fiscal 2029 and fiscal 2030, with full realization continuing into fiscal 2031.
Core Financial Results
| Metric | Fiscal Q1 2027 result | Year-over-year change / context |
|---|---|---|
| Revenue | $11.2 billion | Down 4% reported; down 5% currency-neutral |
| Gross margin | 42.8% | Up 60 basis points |
| SG&A | — | Down 3% reported despite higher World Cup demand-creation investment |
| EPS | $0.48 | Down 2% |
| Cash and short-term investments | $8.4 billion | Quarter-end balance; company remained in a net cash position |
| Leverage | Approximately 2x | Quarter-end level |
| Capital returned through dividends | Approximately $610 million | Returned during the quarter |
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
OpenAI tilts toward 2027 IPO as Anthropic prepares to list firstOpenAI is leaning toward postponing its initial public offering until 2027, per a New York Times report on June 25 citing people involved in the company’s internal deliberations. The shift represents a reversal from the late-2026 timeline OpenAI has signaled since January, with CEO Sam Altman rejecting any valuation below $1 trillion and CFO Sarah...
OpenAI is leaning toward postponing its initial public offering until 2027, per a New York Times report on June 25 citing people involved in the company’s internal deliberations. The shift represents a reversal from the late-2026 timeline OpenAI has signaled since January, with CEO Sam Altman rejecting any valuation below $1 trillion and CFO Sarah...
Another hot US inflation report arrived on Thursday, September 10, and all financial markets took a hit, including Gold, Bitcoin, and the S&P 500.It seems like even traditional safe-haven assets like
Global gold exchange-traded funds (ETFs) pulled in $18 billion in August, the second-largest monthly inflow on record, lifting collective holdings to an all-time high of 4,189 tonnes.The World Gold Co
The Tesla Vietnam unit launched with roughly $3 million in capital, marking the carmaker’s formal entry into one of Southeast Asia’s fastest-growing electric vehicle markets.Tesla announced nothing. I
USD/JPY remains under pressure as the Japanese yen strengthens ahead of another potentially important Bank of Japan policy decision. The pair has fallen toward the mid-155 region after breaking below
