Nike warns on holiday delays, cuts full-year sales estimate

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. META
2. TSLA
3. IBM
4. TXN
5. LRCX
6. LVS
7. SAP
8. CSX
9. SPY
10. KNX

Go back to Nike warns on holiday delays, cuts full-year sales estimate

Nike (NKE) Stock Falls On a Revenue Miss and Slashed FY Sales Outlook, Analysts Bullish Despite NT Supply Chain Challenges

September 24, 2021 5:50 AM EDT

Nike (NYSE: NKE) stock price is down is nearly 5% in pre-open Friday after the company reported lower-than-expected FQ1 sales and cut the full-year outlook.

Nike reported an FQ1 EPS of $1.16 to bear the analyst estimate of $1.11. Revenue for the quarter came in at $12.2 billion versus the consensus estimate of $12.46 billion.

Direct sales came in at $4.7 billion, which is up 28% compared to a year-ago period. Nike Brand digital sales soared 29%. The gross margin increased to 46.5%.

NIKEs strong results this quarter are continued proof of our deep consumer connections, unrelenting innovation pipeline... More