NIKE, Inc. Reports Fiscal 2027 First Quarter Results

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• The Sport Offense is driving measurable progress across the performance business, and Pace was introduced to accelerate and scale that momentum; more work remains in NIKE Sportswear, Jordan Brand and Greater China, where NIKE is taking deliberate actions.

  60% confidence

• Gross margin expanded 60 basis points to 42.8 percent, primarily due to lower warehousing and logistics costs.

  60% confidence

• First quarter results were consistent with expectations, supported by improved gross margin and disciplined cost management; focus remains on product portfolio health, productivity and disciplined resource allocation.

  60% confidence

• Effective tax rate was 22.7% versus 21.1% a year earlier, primarily due to foreign tax audit settlements recognized in the current year.

  60% confidence

• NIKE Brand revenue declines were primarily due to Greater China and EMEA, partially offset by growth in North America.

  60% confidence

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