Nike plans more job cuts, forecasts steep full-year revenue drop after fiscal Q1 miss

Yahoo Finance says Nike’s fiscal Q1 2027 revenue was $11.21 billion, versus $11.33 billion estimated, while earnings per share were $0.48, versus $0.49 expected. Reuters reports Nike plans more job cuts and changes to its global divisions after projecting a steep full-year revenue decline amid worsening difficulties in China. Forbes reports Nike shares hit a new 13-year low after the revenue miss.