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Nike Q1 FY2027 revenue down 4% but profitability improved

The Motley Fool +1 ·

NKE Nike Inc
$38.32 +2.10%
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  1. 1Nike recorded a 4% decrease in revenue for the first quarter of fiscal year 2027.
  2. 2Nike's gross margin expanded by 0.6 percentage points to reach 42.8% in the first quarter of fiscal year 2027.
  3. 3Nike faced a 26% plunge in China revenue compared to the previous year during the first quarter.

So what's the key point?

Nike's revenue fell by 4% and sales in China dropped significantly. However, the profit margin was reported at 42.8%.

Source The Motley Fool +1 · View original ↗

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