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

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Nike (NKE - Free Report) reported $11.21 billion in revenue for the quarter ended August 2026, representing a year-over-year decline of 4.3%. EPS of $0.48 for the same period compares to $0.49 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $11.4 billion, representing a surprise of -1.65%. The company delivered an EPS surprise of +11.63%, with the consensus EPS estimate being $0.43.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Nike performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Geographic Revenue- North America: $5.13 billion versus the seven-analyst average estimate of $5.13 billion. The reported number represents a year-over-year change of +2.1%.
  • Geographic Revenue- Asia Pacific & Latin America: $1.46 billion versus $1.46 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -1.8% change.
  • Geographic Revenue- Europe, Middle East and Africa: $3.18 billion compared to the $3.14 billion average estimate based on seven analysts. The reported number represents a change of -4.7% year over year.
  • Geographic Revenue- Greater China: $1.18 billion versus $1.31 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -22% change.
  • Revenue- Converse: $263 million versus the seven-analyst average estimate of $296.97 million. The reported number represents a year-over-year change of -28.1%.
  • Revenue- Total Nike Brand: $10.95 billion versus the six-analyst average estimate of $11.06 billion. The reported number represents a year-over-year change of -3.6%.
  • Revenue- Global Brand Divisions: $6 million compared to the $11.1 million average estimate based on six analysts. The reported number represents a change of -33.3% year over year.
  • Revenue- Corporate: $-2 million versus the five-analyst average estimate of $-7.65 million. The reported number represents a year-over-year change of -75%.
  • Revenue- Apparel: $3.38 billion versus the four-analyst average estimate of $3.26 billion. The reported number represents a year-over-year change of +2.1%.
  • Revenue- Footwear: $6.95 billion compared to the $7.15 billion average estimate based on four analysts. The reported number represents a change of -6.2% year over year.
  • Revenue- Equipment: $611 million versus $614.8 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3% change.
  • Revenue- Total Nike Brand- Sales to Wholesale Customers: $6.8 billion versus $6.85 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.5% change.

View all Key Company Metrics for Nike here>>>

Shares of Nike have returned -7.4% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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