NIKE, Inc. Reports Fiscal 2027 First Quarter Results
Business Wire•01/10/2026•16:15 ET
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Key Highlights
- ➤NIKE (NKE) revenue $11.2 billion, down 4% reported and 5% currency-neutral
- ➤NIKE (NKE) diluted EPS $0.48, down from $0.49 year over year
- ➤Fiscal 2027 revenue expected to decline high-single digits (NKE)
- ➤Adjusted diluted EPS expected at $1.15 to $1.35, excluding approximately $0.15 Pace restructuring expenses (NKE)
- ➤Pace targets approximately $2.5 billion cumulative savings through fiscal 2031 (NKE)
Expert Statements
Elliott Hill, President and Chief Executive Officer, NIKE, Inc.
“The Sport Offense is driving measurable progress across our performance business, and we introduced Pace to help us accelerate and scale that momentum across NIKE. We have more work to do in NIKE Sportswear, Jordan Brand and Greater China, and we're taking deliberate actions to strengthen those businesses the right way for the long-term.”
Dave Denton, Executive Vice President and Chief Financial Officer, NIKE, Inc.
“We delivered first quarter results consistent with our expectations, supported by improved gross margin and disciplined cost management. As we move forward, we remain focused on strengthening the health of our product portfolio, improving productivity across the enterprise and allocating resources with discipline to support long-term shareholder value.”
Sport Offense continued to drive momentum across priority sports
Taking actions to reposition NIKE Sportswear, Jordan Brand, and Greater China
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