NIKE, Inc. has reported revenue of $11.2 billion for its fiscal 2027 first quarter, which ended on 31 August 2026. Revenue fell 4% year on year, or 5% excluding currency movements.
Gross margin rose 60 basis points to 42.8%, helped by lower warehousing and logistics costs. Net income declined 2% to approximately $700 million, with diluted earnings per share of $0.48.
Nike Brand wholesale revenue was $6.8 billion, down 1%. Nike Direct revenue fell 8% to $4.1 billion, while Converse revenue dropped 28% to $263 million.
The company said its Sport Offense strategy was supporting performance-category momentum, while Nike Sportswear, Jordan Brand and Greater China required further work.
Nike also announced Pace, a transformation programme expected to generate approximately $2.5 billion in cumulative savings through fiscal 2031. For fiscal 2027, it forecasts a high-single-digit revenue decline. These projections remain subject to uncertainty.
