NKE · News · 20261003N

Gross Margin Drivers

NIKE, Inc. · 2026-10-03 · Importance 18 · Surprise 14

NIKE’s fiscal first-quarter gross margin increased 60 basis points to 42.8%. The margin expansion occurred despite reported revenue declining 4% to $11.2 billion. The digest does not identify the specific product, channel or cost factors behind the 60-basis-point improvement.

Key facts

• NIKE, Inc.'s gross margin rose 60 basis points to 42.8 percent in the first quarter. source