On July 1, Nike rose 3.22% in regular trading to $42.47/share, with turnover of $1.351 billion, reversing an earlier pre-market decline of nearly 4% following its fiscal Q4 earnings release.

Nike reported fiscal Q4 adjusted EPS of $0.20, significantly beating the $0.13 consensus estimate, while revenue of $10.97 billion came in slightly above the $10.86 billion expected, though it declined 1.1% year-over-year. Net income surged over 400% year-over-year, partly driven by tariff refund benefits. The running category marked its fifth consecutive quarter of double-digit growth. A company executive noted strong sales momentum tied to the World Cup following a slowdown in April.

The stock had initially sold off over 7% after hours due to weak FY2027 guidance calling for low-to-mid single-digit revenue declines versus market expectations of 0.4% growth, combined with a 12% decline in Greater China revenue. However, buyers stepped in during regular trading as attention shifted to the meaningful earnings beat and operational progress in performance categories. Multiple analysts lowered price targets, with the consensus mean at approximately $52.18.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)