Nike shares have fallen to multi-year lows near $32 after the company's fiscal first-quarter results showed an earnings beat driven by margins but an $11.2 billion revenue haul that was over 4% lower than a year earlier. Analysts have continued cutting estimates and price targets, with the consensus EPS estimate for full-year FY 2027, which ends in May, dropping from $1.67 to $1.61, representing annual growth of just 1.9%. On the earnings call, CEO Elliott Hill said the company is prioritizing marketplace health over near-term volume, noting that performance categories are gaining traction while Sportswear, Jordan Brand and Greater China remain under pressure. CFO David Denton introduced a clearer financial framework including full-year guidance and a multiyear cost program, while warning that restructuring pressure will extend into fiscal 2028. The article was originally published on Zacks Investment Research.
Nike IncQ1 revenue fell over 4% to $11.2B and analysts cut FY2027 EPS estimates and price targets, sending shares to multi-year lows.
