5. Oct 2026
Description
(AWP Alliance News) - Nike published the official transcript of its Q1 fiscal 2027 earnings call held on Oct. 1, 2026, attended by President and CEO Elliott Hill, CFO Dave Denton, and VP of Corporate Finance and Treasurer Paul Trussell. Revenue fell 4% to USD 11.2 billion, gross margin rose 60 basis points to 42.8%, EPS slipped 2% to USD 0.48, and the company guided for a high single-digit revenue decline in fiscal 2027 with adjusted EPS of USD 1.15 to USD 1.35 excluding a USD 0.15 impact from the Pace program.
Management said Nike Sportswear fell low double digits and Jordan Brand revenue dropped mid-teens, with actions including cutting Dunk revenue by nearly 50% in the quarter, reducing the volume and frequency of Jordan Retro launches, and warning North America will feel the biggest near-term impact. Greater China revenue declined 26%, with management expecting China revenue to worsen for the balance of the year as it narrows digital distribution to fewer flagship channels and works through elevated inventory, with pressure likely extending into early fiscal 2028. Denton outlined Pace as a multi-year operating model overhaul targeting about USD 2.5 billion of savings, about USD 1 billion of implementation costs, and most savings expected in fiscal 2029 and 2030, while reaffirming the dividend as a "very significant priority" with support to maintain and grow it over time.
https://docs.publicnow.com/15E154082770ECD0F3214912A85DAD2EB1493829
Disclaimer: This news brief was created using generative artificial intelligence. Nike Inc. published the original content used to generate this news brief on October 02, 2026, and is solely responsible for the information contained therein.
