Earnings call briefFiscal first-quarter 2027
NIKE says its fiscal 2027 outlook assumes China revenue gets worse
NIKE said it expects a headwind of approximately 400 basis points to fiscal second-quarter revenue, from lapping EMEA Cyber Week promotions and a higher North America sell-in comparison.
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NIKE said on its fiscal first-quarter call that it expects EBIT to decline by a greater percentage than revenue in fiscal 2027. It said this reflects continued gross margin pressure and fixed cost deleverage, partly offset by disciplined expense management. Chief Financial Officer David Denton said the guidance range assumes China revenue gets worse for the balance of the year.
Quotes from the call
“These 2 items will represent a headwind of approximately 400 basis points to revenues in the second quarter.”
Key facts from the call
- Fiscal 2027 EBIT outlook
- Decline by a greater percentage than revenue
- Expected fiscal second-quarter revenue headwind
- Approximately 400 basis points
- Expected China revenue for balance of fiscal 2027
- Assumed to get worse
Source: NIKE's fiscal first-quarter 2027 earnings call, October 1, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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