Nike Jumps After Quarterly Results Beat Analyst Estimates

The Motley Fool·1 Jul 2026·Read original

3▲1 ▼0Impact / 5

Earnings Textiles, Apparel & Luxury Goods

Summary · why it matters

Nike shares closed at $43.14, up 5.09%, after its quarterly results beat analyst estimates. Trading volume reached 74.5 million shares, about 181% above the three-month average of 26.5 million shares. While revenue dipped 1% and the company delivered a mixed earnings report, the stock rose, though investors are watching tariff-related profit support and a cautious revenue outlook. Nike's running shoes grew sales by double digits for five straight quarters, and wholesale operations in North America also grew by double digits, but sales in China dropped 17% and Converse sales fell 32%. Management guided for a low-to-mid single-digit sales decline in the first half of fiscal 2027.

Nike Inc ▲