this Nike blog post<\/a> talked about Nike returning to mid-single-digit revenue growth (at least) and the negative revenue revisions show no indication of that.<\/p>\nJefferies thinks fiscal ’27 could be the “stabilization phase” with North America showing the first signs of generating low single-digit growth.<\/p>\n
China is still a major problem, but China grew y-o-y operating income or EBIT in the Feb ’26 quarter grew 74% vs, y-o-y revenue growth of 14%.<\/p>\n
Soccer’s World Cup could help fiscal Q1 ’27, but I think the stock trade post-earnings, will be all about guidance for fiscal ’27. The current consensus for fiscal ’27, per the LSEG data (and readers can see the estimates in the above spreadsheets, are looking for $46.48 billion in revenue (0% y-o-y revenue growth) generating EPS of $1.84 or 22% growth in the period from June 1 ’26 to May 31, ’27.<\/p>\n
Nike needs revenue growth – that will begin the turnaround.<\/p>\n
The positives around the stock today is that the bulls seem to have given up on the name, and Nike’s valuation is much more reasonable today than in late 2021.<\/p>\n
The negative is that the continued downward pressure on forward EPS and revenue revisions, hasn’t stopped.<\/p>\n
This blog is long one position\u00a0 bought in May, 2004. The rest of Nike was sold after the March ’26 earnings report.<\/p>\n
None of this is advice or a recommendation, but only an opinion. Past performance is no guarantee of future results. None of this information may be updated, and if updated, may not be done in a timely fashion.<\/p>\n
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