NIKE, Inc. (NKE) Earnings Call Transcripts

NIKE, Inc.'s Latest Earnings Call - Q1 FY2027

In the first quarter of fiscal 2027, NIKE, Inc. reported revenues of $11.2 billion, a decline of 4% year-over-year, with earnings per share (EPS) of $0.48, down 2% from the previous year. The company signaled ongoing challenges in its Sportswear and Jordan Brand segments, particularly in Greater China, where revenues fell 26%. Management provided guidance indicating expected revenue declines in the high single-digit range for fiscal 2027, reflecting deliberate actions to improve brand health and profitability in the long term.

Reported metrics

Guidance from management

Management expects revenues to decline in the high single-digit range for fiscal 2027, with EBIT expected to decline by a greater percentage than revenue due to ongoing pressures on gross margin and fixed costs.

What management said

Brooke, this is Dave. Just real quickly, as Elliott said, we have multiple efforts underway in China to improve the performance of the marketplace and improve our performance within the marketplace. But from a specific guidance perspective, we -- the guidance range that I just provided to you assumes that China actually gets worse from a revenue perspective for the balance of this year, and that's because of some of ...

Yes. And maybe I'll just touch on a couple of things real quickly. One, on the Pace program, as Elliott said, this is a program that, at the end of the day, is working in tandem with the objective of increasing operating profit leverage over time. And so this will be an important program and leverage an initiative to be able to do that. Secondly is -- we're not going to give guidance, obviously, by region. But as I s...

What analysts pressed on

Analysts expressed concerns over the ongoing challenges in Greater China and the potential for further revenue declines. There were questions regarding the effectiveness of the Pace program and its impact on future profitability.

Main topics on the call

• Revenue Decline — NIKE's revenue decreased by 4% year-over-year, attributed to significant declines in Sportswear and the Jordan Brand. Management stated, "We expect revenues to decline in the high single-digit range" for fiscal 2027 due ...
• Performance Business Growth — Despite overall revenue declines, NIKE's Performance portfolio grew by high single digits, driven by strong demand in Running, Global Football, and Basketball. Elliott Hill noted, "Performance did overall... that was dri...
• Challenges in Greater China — Revenue in Greater China fell by 26%, with management indicating that ongoing strategic actions to reset the marketplace will further pressure revenues. David Denton remarked, "The guidance range... assumes that China ac...
• Gross Margin Improvement — NIKE reported a gross margin of 42.8%, an increase of 60 basis points year-over-year, attributed to supply chain cost management. Denton mentioned, "The results included benefits from our supply chain cost management eff...

Read the full NIKE, Inc. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 NIKE, Inc. earnings call transcripts on record, spanning March 24, 2020 to October 1, 2026. Based on this history, NIKE, Inc. reports quarterly. The most recent call on file is dated October 1, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

NKE

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Textiles, Apparel and Luxury Goods

Calls on record

29

First call

March 24, 2020

Most recent

October 1, 2026

Reporting cadence

quarterly