EL7.AI
StocksMediumUpdated×2•Originally published 1 October 2026•Updated 1 October 2026•
1 min read

Nike Shares Drop 5.8% on Weak Fiscal 2027 Earnings and Revenue Guidance

Key Facts

1Nike reported a revenue miss that overshadowed its earnings per share beat.

Nike shares dropped 5.8% in after-hours trading after the company issued a weak outlook for fiscal 2027. The company forecast a high-single-digit revenue decline and projected adjusted earnings per share between $1.15 and $1.35, significantly missing analyst estimates of $1.65.

NKE closed at $35.40 on September 30, 2026, before extending losses in late trading following the guidance update. This downward move follows a quarterly revenue miss reported by investing.com, which has heightened investor concerns over weakening demand despite a previous beat on earnings per share.

Latest Updates · 1

  1. Notable·

    Update: Nike attributed its projected annual sales decline to persisting operational challenges in the Chinese market during the first quarter. These headwinds in China are a primary factor in the company's forecast of a high-single-digit revenue decline.