WS #15251
Nike reported a 4% decline in quarterly revenue, with top-line growth remaining weak despite gross margin expansion and inventory normalization. Analysts at Wells Fargo and Stifel have lowered price targets, citing persistent headwinds in China and high-single-digit revenue decline forecasts for FY2027. This development highlights underlying consumer softness in the apparel sector, contrasting with the broader market's tech-led optimism.
Nike Revenue Decline
Nike reported a 4% decline in quarterly revenue, with top-line growth remaining weak despite gross margin expansion and inventory normalization. Analysts at Wells Fargo and Stifel have lowered price targets, citing persistent headwinds in China and high-single-digit revenue decline forecasts for FY2027. This development highlights underlying consumer softness in the apparel sector, contrasting with the broader market's tech-led optimism.