Nike set to open at a 2013 low after cutting adjusted EPS outlook to $1.15–$1.35
AI Market Summary
Nike's fiscal Q1 beat on EPS but missed revenue and sharply cut full-year adjusted EPS guidance, alongside additional layoffs and expectations for revenue declines into FY27. Pre-market shares fell ~9% and are set to open near a 2013 low, reflecting skepticism over turnaround timing, China weakness, and margin pressure from inventory actions. Analyst commentary emphasizes limited near-term catalysts ahead of the November investor day.
Impact level
● Medium
Affected assets
NCSKNKE2USD/USDT+1.36%
AI Insight · NCSKNKE2USD/USDTAI Insight
▼ Bearish
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Nike reported fiscal 2026 Q1 earnings per share of $0.48, topping expectations, while revenue of $11.12 billion came in slightly below consensus. The company sharply cut its full-year adjusted EPS forecast to $1.15 to $1.35 and said it will lay off more employees as part of a restructuring. The stock fell 9% in premarket trading after the results and is expected to open at its lowest level since 2013, with shares down about 45% year to date.
