Nike (NKE) Earnings Date & Reports

Key Takeaways

• Nike is scheduled to report fiscal first-quarter 2027 results after the market close on Thursday, October 1, for the quarter ended August 31, 2026.
• Wall Street consensus calls for revenue of roughly $11.3 billion and earnings per share (EPS) of about $0.43 to $0.44, both below the year-ago period.
• Management has guided for a low-to-mid-single-digit revenue decline for the quarter, with gross margin expected to be only slightly positive.
• Weakness in Greater China and soft Nike Direct and digital sales remain the biggest watch items heading into the report.
• Shares are down more than 40% in 2026 and trading near multi-year lows, leaving investor sentiment cautious.

Earnings Context and Why It Matters

Nike's fiscal first-quarter update is a pivotal checkpoint for the turnaround strategy launched under CEO Elliott Hill. The company exited fiscal 2026 with essentially flat full-year revenue and a 3% decline in net income, as softer demand in Greater China and a promotional retail environment offset pockets of strength in North America and wholesale. Investors are looking for signs that the "Win Now" plan is stabilizing the business, particularly after last quarter's results were propped up by a one-time tariff-related benefit. With the stock near multi-year lows and analyst estimates still being trimmed, this report will test whether management's cautious guidance and margin recovery narrative remain credible.

Earnings Expectations

Analysts surveyed by LSEG expect Nike to report adjusted EPS of about $0.43 on revenue of approximately $11.32 billion, according to a CNBC preview. Zacks Consensus Estimates peg revenue near $11.4 billion, implying a year-over-year decline of about 2.7%, and EPS of $0.44, down roughly 10% from $0.49 a year ago. Management has guided for first-quarter revenue to decline in the low-to-mid-single-digit range, with gross margin only slightly positive versus the prior year.

Beyond the headline figures, investors will focus on Greater China, where sales fell 17% on a constant-currency basis last quarter, as well as Nike Direct and digital trends, which have lagged as wholesale channels stabilized. Inventory levels and the pace of promotional markdowns will also be scrutinized, along with any updates to full-year fiscal 2027 guidance and the company's gross-margin recovery timeline.

AI Screener

Tickeron's AI Screener is an AI-powered stock and exchange-traded fund (ETF) discovery tool designed to help traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener helps surface trade ideas, trending stocks, breakout candidates, and market opportunities far more efficiently than manual screening. For investors tracking names like Nike, it offers a streamlined way to monitor shifts in momentum and fundamentals across the broader consumer and footwear landscape.

Market Reaction and Investor Sentiment

Sentiment heading into the report is decidedly cautious. Nike shares have fallen more than 40% in 2026 and trade near levels not seen in over a decade, underperforming a broader market that has advanced this year. In late September, Bank of America downgraded the stock to Underperform and cut its price target to $30 from $47, citing a potentially longer recovery timeline and continued pressure in China. Other firms have trimmed estimates and targets in recent weeks, reflecting weak U.S. footwear demand and caution among retail partners.

Nike has beaten EPS expectations in each of its last four quarters, yet the stock has still struggled, underscoring how heavily investors are weighting forward guidance and demand signals over headline beats. A further cut to fiscal 2027 guidance or signs of accelerating China deterioration could renew selling pressure, while any evidence of stabilizing demand or earlier-than-expected margin expansion could provide relief to an oversold stock.

Forward Outlook and Key Factors to Monitor

Looking ahead, investors should track whether management reaffirms or adjusts its fiscal 2027 outlook. Management previously signaled that sales were expected to remain "flattish" through the first two quarters, with revenue pressure concentrated in the first half before improving later in the year.

China remains the single largest swing factor. Nike has acknowledged that marketplace cleanup efforts and reduced sell-in will continue to weigh on revenue, and any update on the pace of that reset will shape expectations for the remainder of the fiscal year. Investors will also watch whether Sportswear and Jordan Streetwear show signs of stabilization, given that these categories have been a drag on growth.

Finally, cost and margin trends deserve close attention. The company's gross-margin recovery is expected to begin in the first quarter as it laps prior tariff pressures, but elevated promotions and a planned CFO transition add uncertainty. With an investor day scheduled for November, this earnings report may set the tone for management's longer-term roadmap.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations