โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Diluted EPS: $0.48 (Est. $0.43) โ
โข Revenue: $11.2B (Est. $11.32B) โ, -4% YoY.
โข Gross Margin: 42.8%, +60 bps YoY.
โข NIKE Brand Revenue: $11.0B, -4% YoY.
โข NIKE Direct Revenue: $4.1B, -8% YoY.
โข NIKE Brand Digital Revenue: -13% YoY.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข FY2027 Revenue: expected to decline high-single digits YoY (Est. -2.3%) โ
โข FY2027 Adj. EPS: $1.15โ$1.35 (Est. $1.67) โ
โข FY2027 Effective Tax Rate: mid-20% range.
โข Pace restructuring charges: ~$0.3B expected in FY2027.
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข EPS exceeded consensus, but revenue came in slightly below expectations and declined 4% YoY.
โข NIKE Direct remained under pressure, falling 8%, including a 13% decline in NIKE Brand Digital.
โข Gross margin improved 60 bps to 42.8%, supported primarily by lower warehousing and logistics costs.
โข FY2027 guidance is the key negative, with a high-single-digit revenue decline versus consensus calling for only ~2% contraction, while Adj. EPS guidance is well below the $1.67 estimate.
โข NIKE launched Pace, a broad operating-model transformation targeting ~$2.5B in cumulative savings through FY2031.
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โThe Sport Offense is driving measurable progress across our performance business, and we introduced Pace to help us accelerate and scale that momentum across NIKE.โ
