NKE · News · 20261106N

Gross Margin Drivers

NIKE, Inc. · 2026-11-06 · Importance 18 · Surprise 14

NIKE's fiscal Q1 2027 gross margin increased 60 basis points year over year to 42.8%. Selling and administrative expenses declined 3% in the quarter. The reported improvement in earnings came alongside lower revenue, indicating that cost control and margin gains had not yet translated into broad top-line stabilization.

Key facts

• NIKE's first-quarter fiscal 2027 gross margin expanded 60 basis points to 42.8%. source