Nike reported a 4% year-over-year decline in first-quarter fiscal 2027 revenue, which came in at $11.2 billion, while gross margin expanded 60 basis points to 42.8% and diluted earnings slipped to $0.48 per share from $0.49 a year earlier. Revenue in China fell 26% year over year, though North America revenue rose 2% even as NIKE Direct revenue in the region declined 6%. Management guided full-year topline to contract at a high-single-digit rate and projected adjusted diluted earnings of $1.15 to $1.35 per share, and introduced its multiyear Pace Transformation Plan, which aims to yield cumulative savings of around $2.5 billion through fiscal 2031. The stock closed at $35.15 on October 1, down 52.53% over the last 52 weeks against a 13.93% gain for the S&P 500, with a market capitalization of $53.55 billion. Hedge fund holdings in Nike fell to 56 by the end of the second quarter of 2026 from 71 in the prior quarter, short interest stood at 6.29%, and BlackRock was the largest institutional investor with 81.81 million shares, or 6.81% of outstanding shares.
Nike IncQ1 FY2027 revenue fell 4% to $11.2B, EPS slipped to $0.48, and full-year guidance projects high-single-digit topline contraction
BlackRock Inc
