Nike reported fiscal third-quarter revenue of $11.21 billion, down 4.3% year on year and below analyst estimates of $11.33 billion, a 1% miss. GAAP earnings per share came in at $0.48, beating the consensus estimate of $0.44 by 9.9%, though down from $0.49 a year earlier. Operating margin was 8.1%, in line with the same quarter last year, while constant currency revenue fell 5% year on year. The company guided for revenues to decline high-single digits in fiscal 2027, with non-GAAP diluted earnings per share expected between $1.15 and $1.35, excluding $0.15 of restructuring expenses. Shares fell 6.3% to $33.00 immediately after the report.
Nike IncNike Q3 revenue fell 4.3% to $11.21B, missing estimates, and guided fiscal 2027 revenue to decline high-single digits.
