Nike reported diluted earnings per share of $0.48 for fiscal first-quarter 2027, $0.04 above the $0.44 consensus reported by Investing.com. Revenue was $11.213 billion, below that provider’s $11.35 billion estimate. The quarter ended August 31, 2026, and Nike released results on October 1.
How Nike’s results compared with estimates
The earnings beat and revenue miss refer to two different measures: per-share profit came in above the cited estimate, while sales were below it. Analyst estimates vary by provider, so the comparison below uses Investing.com consistently.
| Measure | Nike actual | Investing.com estimate | Result |
|---|---|---|---|
| Diluted earnings per share | $0.48 | $0.44 | $0.04 above estimate |
| Revenue | $11.213 billion | $11.35 billion | $137 million below estimate |
MarketBeat reported a different consensus: $0.43 per share and $11.32 billion in revenue. Against those figures, Nike’s EPS beat would be $0.05 and its revenue miss would be about $107 million. These are provider-reported analyst estimates, not figures published by Nike; the company release reports actual results.
Why an EPS beat did not mean sales were strong
Nike’s revenue declined 4% year over year on a reported basis and 5% on a currency-neutral basis. Net income was $0.7 billion, down 2%, while gross margin increased 60 basis points to 42.8%. Nike attributed the margin improvement primarily to lower warehousing and logistics costs.
#1 Best Overall
That mix helps explain the apparently conflicting headline. Higher margin and disciplined costs can support per-share earnings even as revenue contracts; the quarter’s sales figures show that Nike still faced broad pressure across its business.
Which channels and brands were weakest?
Direct sales fell faster than wholesale
NIKE Direct revenue was $4.1 billion, down 8% reported and 9% currency-neutral. Within Direct, digital sales declined 13% and owned-store revenue declined 5%. Wholesale revenue was $6.8 billion, down 1%.
Rank #2
- Ideal for Gifting
- Ideal for a bookworm
- Compact for travelling
Regional results were uneven
NIKE Brand revenue was $11.0 billion, down 4% both reported and currency-neutral. Declines in Greater China and EMEA were partly offset by growth in North America.
Converse declined more sharply
Converse revenue was $263 million, down 28%. The contrast with NIKE Brand’s 4% decline underscores that weakness was not uniform across the company’s labels.
What Nike forecast for fiscal 2027
Nike expects full-year fiscal 2027 revenue to decline by a high-single-digit percentage. It forecast adjusted diluted EPS of $1.15 to $1.35, excluding approximately $0.15 per share of Pace restructuring expenses. This adjusted outlook is not the same measure as reported GAAP diluted EPS for the quarter.
What Pace is and what it could cost
Nike described Pace as an operating-model transformation building on its earlier cost-realignment plan. The company said the effort includes supply-chain modernization, a new campus in India for enterprise capabilities, a realignment to three geographies, and further organizational streamlining.
Rank #4
Nike expects approximately $2.5 billion in cumulative savings through fiscal 2031 and approximately $1.0 billion in pretax charges through that year, in addition to approximately $0.3 billion of severance costs recognized in fiscal 2026. These are management estimates based on assumptions; Nike cautioned that actual results may differ materially.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What investors should take from the quarter
The $0.04 EPS beat is accurate when measured against Investing.com’s $0.44 consensus, but it does not change the central operating picture: revenue fell, Direct and Converse were notably weak, and management expects a high-single-digit sales decline for the year. The higher gross margin offers a counterpoint, though Nike attributed it primarily to lower logistics and warehousing costs rather than stronger sales.
Recommended Free Tools
Best Value
- It can be a gift option
- Comes with secure packaging
- Helpful in various ways
Nike CEO Elliott Hill said the “Sport Offense” was driving measurable progress in performance business and that Pace was intended to scale that momentum. CFO Dave Denton said results were consistent with expectations, supported by improved gross margin and disciplined cost management.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
