Nike Shares Tumble Over 5% as Q1 Revenue Misses Expectations
Stock News
Yesterday
On Friday, Nike (NYSE: NKE) shares fell to a one-year low of $31.97.
As of press time, the stock was down more than 5% at $33.255.
On the news front, Nike reported fiscal first-quarter 2026 revenue of $11.21 billion, below the market expectation of $11.33 billion.
Meanwhile, earnings per share came in at $0.48, down from $0.49 in the same period last year.
The company's gross margin was 42.8%, an improvement from 42.2% in the prior-year period, but the overall performance still failed to meet investor expectations.
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