Nike (NKE) Reports Q1 Earnings: What Key Metrics Have to Say

Nike reported $11.21 billion in revenue for the quarter ended August 2026, missing analyst expectations of $11.4 billion by 1.65%. While the company beat EPS estimates with $0.48 versus $0.43 expected, revenue declined 4.3% year-over-year. Notable weakness appeared in Greater China (-22% YoY), Converse (-28.1% YoY), and Europe, Middle East and Africa (-4.7% YoY), though North America showed modest growth of 2.1%. The stock has underperformed the broader market, declining 7.4% over the past month.