NIKE (NYSE:NKE) Announces Earnings Results, Beats Estimates By $0.05 EPS

Posted by on Oct 1st, 2026

NIKE (NYSE:NKE – Get Free Report) posted its quarterly earnings data on Thursday. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.05, Zacks reports. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The company had revenue of $11.21 billion for the quarter, compared to analysts’ expectations of $11.32 billion. During the same period in the previous year, the firm posted $0.49 EPS. NIKE’s revenue was down 4.3% compared to the same quarter last year. NIKE updated its FY 2027 guidance to 1.150-1.350 EPS.

Here are the key takeaways from NIKE’s conference call:

  • Fiscal 2027 outlook remains weak: Nike expects revenue to decline in the high-single-digit range, with EBIT falling faster than revenue and adjusted EPS projected at $1.15–$1.35, excluding roughly $0.15 per share of Pace-related costs.
  • Greater China revenue fell 26% in Q1 and is expected to worsen over the balance of fiscal 2027 as Nike removes unprofitable digital distribution and resets inventory; management said the process will take multiple seasons and may pressure results into fiscal 2028.
  • Nike Sportswear declined by low double digits and Jordan Brand revenue fell by mid-teens, reflecting weaker lifestyle demand, excess inventory, and deliberate reductions in Dunk and Jordan retro supply that will create additional near-term revenue pressure.
  • The performance portfolio grew at a high-single-digit rate, led by double-digit growth in running, football, training, basketball, tennis, and golf; North America revenue also increased 2%, supported by performance products.
  • Nike expects its Pace restructuring program to generate approximately $2.5 billion in savings, although most benefits are expected in fiscal 2029–2030; the company also reported a strong balance sheet with $8.4 billion in cash and short-term investments and reiterated its commitment to maintaining and eventually growing the dividend.

NIKE Stock Performance

NIKE stock opened at $35.05 on Friday. The firm has a 50 day simple moving average of $39.04 and a 200-day simple moving average of $42.94. NIKE has a 1-year low of $35.02 and a 1-year high of $76.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. The stock has a market cap of $51.99 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 2.43 and a beta of 1.09.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.7%. The ex-dividend date was Tuesday, September 1st. NIKE’s payout ratio is presently 78.47%.

Insider Activity

In other NIKE news, insider Amy Montagne sold 4,867 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $42.05, for a total transaction of $204,657.35. Following the completion of the sale, the insider owned 57,436 shares of the company’s stock, valued at $2,415,183.80. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Philip McCartney sold 2,559 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $96,192.81. Following the sale, the executive vice president directly owned 78,121 shares of the company’s stock, valued at approximately $2,936,568.39. This trade represents a 3.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,974 shares of company stock worth $600,126 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

  • Positive Sentiment: NIKE reported quarterly adjusted earnings of $0.48 per share, ahead of the $0.43 analyst consensus, although earnings were slightly below the $0.49 reported a year earlier. Nike Q1 Earnings Surpass Estimates
  • Positive Sentiment: The company said its “Sport Offense” is producing progress in performance products, while the new Caitlin Clark signature shoe reportedly sold nearly out shortly after launch. These developments could support product momentum, though they are not yet large enough to offset broader weakness. Nike Caitlin Clark Shoes Nearly Sold Out
  • Neutral Sentiment: NIKE announced “Pace,” a restructuring and execution plan intended to accelerate its turnaround. Management acknowledged that more work is needed in Sportswear, Jordan Brand and Greater China, suggesting potential benefits are longer term. NIKE Fiscal 2027 First-Quarter Results
  • Negative Sentiment: Revenue totaled $11.21 billion, below the $11.32 billion consensus and down 4.3% year over year. Weakness in China and the sneaker business remains a central problem. Nike’s Troubles Are Mounting
  • Negative Sentiment: Fiscal 2027 adjusted EPS guidance of $1.15 to $1.35 was well below the approximately $1.66 Wall Street expectation. NIKE also expects a high-single-digit percentage sales decline, implying that business conditions may worsen before improving. Nike Warns of High-Single-Digit Revenue Decline
  • Negative Sentiment: Plans to cut additional jobs and the weaker forecast have increased doubts about the pace of CEO Elliott Hill’s turnaround, putting further pressure on the stock’s valuation and investor confidence. Nike Issues Bleak Forecast and Plans More Job Cuts

Wall Street Analysts Forecast Growth

NKE has been the subject of a number of research analyst reports. Bank of America reissued an “underperform” rating and set a $30.00 target price (down from $47.00) on shares of NIKE in a report on Friday, September 25th. Piper Sandler reaffirmed a “neutral” rating and issued a $38.00 price target (down from $45.00) on shares of NIKE in a research note on Monday. Morgan Stanley set a $31.00 price target on NIKE and gave the stock an “underweight” rating in a research report on Thursday, September 10th. Evercore reduced their price objective on NIKE from $46.00 to $34.00 in a research note on Monday. Finally, Berenberg Bank set a $49.00 price objective on NIKE and gave the company a “hold” rating in a report on Friday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, twenty-one have assigned a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.62.

Check Out Our Latest Stock Report on NIKE

About NIKE

(Get Free Report)

NIKE, Inc is a global sportswear company that designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and related services. Its products are marketed under the NIKE, Jordan and Converse brands and are used across a broad range of sports and lifestyle activities, including running, basketball, football, training and outdoor pursuits.

The company distributes its products through a combination of wholesale partners, NIKE-owned retail stores and digital platforms.

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Earnings History for NIKE (NYSE:NKE)

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