Nike's Q1 2027 Earnings See Revenue Growth and Margin Expansion

Nike (NKE) released its Q1 2027 earnings report, showing a revenue increase of 5.2% year-over-year to $13.4 billion.

The company's gross margin expanded by 30 basis points to 43.6%, driven primarily by higher average selling prices and favorable foreign exchange rates.

Nike's direct-to-consumer sales grew by 8.5% in the quarter, while wholesale revenue rose by 2.4%. The company also reported a decline in inventory levels, indicating improved supply chain management.