Nike FQ1 FY2027: revenue $11.21B misses; full-year guidance cut to high-single-digit revenue decline and $1.15-$1.35 EPS vs $1.67 est; stock -6% after hours
What happened
Nike reported fiscal Q1 2027 results after Thursday's close: adjusted EPS of $0.48, a modest beat versus the $0.44 consensus, but revenue of $11.21 billion came in below the ~$11.33 billion estimate and fell 4% year over year (Nike brand revenue -4% in constant currency, North America a bright spot while China and EMEA sagged; Converse revenue tumbled 28% to $263M). The bigger news was the outlook: Nike expects full-year revenue to decline by high-single digits — a steeper drop than the low-single-digit decline analysts had predicted — and guided FY2027 adjusted EPS to $1.15-$1.35 versus the $1.67 Street estimate, implying shrinking EPS. The stock fell more than 4% in regular trading Thursday and was down about 6% in extended trading after the report.
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Start your free 14-day trialWho’s affected
- Nike (NKE): revenue miss, big guidance cut, down ~6% after hours; consumer discretionary/apparel peers (e.g., footwear and athleisure makers) may see sympathy pressure; retail broadly — weak Nike orders signal softer discretionary demand.