Nike Q1 net income falls to $0.7 billion; revenue drops 5% to $11.2 billion year over year
Bitget2026/10/01 20:16- Nike posted first-quarter revenue of USD 11.2 billion, down 4% year over year.
- Gross margin widened 0.6 percentage points to 42.8%, while selling and administrative expense slipped to USD 3.9 billion.
- Net income eased to USD 0.7 billion, while diluted earnings per share was USD 0.48.
- Converse revenue fell 28% to USD 263 million, and NIKE Direct revenue dropped 8% to USD 4.1 billion.
- Management launched “Pace,” targeting about USD 2.5 billion in cumulative savings through FY31; FY27 revenue is seen declining high-single digits.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Mattel, the maker of Barbie dolls, surges 19%! Acquired by Authentic Brands Group with an offer possibly exceeding $20 per share
According to media reports, Authentic Brands Group has privately approached Mattel to discuss an acquisition offer. The bid could exceed $20 per share, corresponding to an overall valuation of around $6 billion or higher. There is no guarantee that both parties will eventually reach an agreement. Additionally, with a new CEO about to take charge at Mattel, whose strategic plans have yet to be clarified, the potential deal may become even more complex.
The British Pound slides again as UK government bonds sell off
Horace Mann Completes Acquisition of Employee Services
Crypto prices
More
