Nike (NKE.US) has first-quarter revenue of US$11.2 billion and continues to promote business restructuring

The Zhitong Finance App learned that on October 2, Beijing time, Nike (NKE.US) released financial results for the first quarter of the 2027 fiscal year. According to financial reports, global revenue for the quarter was US$11.2 billion. Among them, revenue from the proprietary business was 4.1 billion US dollars, down 8% on the basis of the report; revenue from the dealer business was 6.8 billion US dollars, down 1% on the basis of the report. Nike Group's inventory assets were US$7.8 billion, down 3% from the same period last year; Nike's revenue in Greater China was US$1.80 billion.

Nike's running business has once again achieved double-digit growth and continues to increase its market share. Driven by the popularity of the World Cup, the global soccer business achieved strong double-digit growth in all four major regional markets. The training business achieved global growth driven by female consumers. The basketball business achieved double-digit growth in North America, and the sport sector is expected to continue growing in the second quarter. Furthermore, both the tennis and golf businesses have achieved double-digit growth.