Nike CFO Warns of Flattish Earnings Through Mid-FY27, Excluding Tariff Boost
NKE is trading near its 52-week low of $40 (5.1% below the low) on elevated volume (2.5× avg).
Summary
Nike's CFO projects earnings to be "flattish" from 4Q FY26 through the first two quarters of FY27. This guidance explicitly excludes a significant tariff recovery benefit, indicating underlying stagnant growth for the company. This follows recent Q4 results where an EPS beat was largely driven by this one-time benefit, alongside reported declines in direct-to-consumer and digital sales. The outlook reinforces concerns about Nike's ability to generate organic growth amidst a period of restructuring and recent negative financial trends.
At the time of this announcement, NKE was trading at $37.98 on NYSE in the Trade & Services sector, with a market capitalization of approximately $60.8B. The 52-week trading range was $40.00 to $80.17. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.