Nike falls to lowest since 2013 after Q1 revenue miss, FY27 guidance cut

Nike reported fiscal Q1 revenue of $11.21B, missing estimates of ~$11.3B and down 4% y/y, with EPS of $0.48 beating the $0.44 estimate. Shares fell another 6% to their lowest since September 2013, now 82% below their record high, after the company guided FY27 adjusted EPS to $1.15-$1.35 versus $1.65 expected and said revenue would decline high-single digits.

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