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$NKE -5.35% — what the base rate says

$NKE -5.35% — what the base rate says

Nike cleared the bar it was handed, and the stock fell anyway.

$NKE is -5.35% at lunch after Q1 fiscal 2027. EPS came in at $0.48 against a $0.44 estimate. Revenue came in at $11.21B, down 4.3% year over year and below consensus. The beat came from margin, while the sales line shrank.

Management then put numbers on the rest of the fiscal year: high-single-digit revenue declines and GAAP EPS of $1.00 to $1.20. In the quarter, Greater China fell 22% and Direct revenue fell 8%.

An EPS beat grades a quarter that has already ended. Guidance is the only number in the report about the quarters you would actually hold through. A beat paired with a cut says costs were managed while customers walked out.

Read the outlook table before the beat line. Then go get a sandwich, because it's half past twelve.

What the data showed

  • $SCNX -19.76% Scienture Holdings, Inc. mcap $7M · float 34M shares · sector: PHARMACEUTICAL PREPARATIONS
  • $NKE -5.35% NIKE, Inc. mcap $52.5B · float 1.2B shares · sector: RUBBER & PLASTICS FOOTWEAR
  • $AAL -0.76% American Airlines Group Inc. mcap $8.9B · float 652M shares · sector: AIR TRANSPORTATION, SCHEDULED
  • $HODO -6.01% House of Doge Inc. mcap $14M · float 58M shares · sector: FINANCE SERVICES
  • $RIVN -4.00% Rivian Automotive, Inc. mcap $21.4B · float 942M shares · sector: MOTOR VEHICLES & PASSENGER CAR BODIES
  • $CTVA -3.62% Corteva, Inc. mcap $51.8B · float 672M shares
  • $NU -0.83% Nu Holdings Ltd. mcap $61.2B · float 3.6B shares · sector: Finance Services

Nike has only seven prior gap-down days of 5% or more on record, too few to call a pattern. Open NKE's history on FILTRIX.net and see how thin that sample is before anyone sells you a playbook for it.

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