Nike Reports Q1 Fiscal 2027 Revenue Decline of 4% to $11.2 Billion

Nike's first-quarter fiscal results for 2027 show a revenue decline of 4% in reported terms and 5% in constant currency, to $11.2 billion.

The gross margin increased by 60 basis points to 42.8%, driven by supply chain cost management and favorable exchange rates. However, the impact of discounts and channel mix partially offset these benefits.

Nike Performance grew at a high single-digit rate, with double-digit growth in Running, Global Football, Tennis, and Golf categories. Conversely, Sportswear, Jordan Brand, and Greater China continued to be significant headwinds.