NKE Stock: Nike’s Reset Has a Cash Bill — Q1 FY2027

NIKE, Inc. (NKE) Q1 FY2027 — The saved $32.78 after-hours reference was 6.74% below the $35.15 regular-session close. The next-session closing reaction remains pending.

THE CALL: SELL (3/5, MODERATE) — base-case value ~$25.00 vs ~$32.78 at the saved October 1, 2026 after-hours reference.

KEY METRICS:

- Q1 revenue $11.213B; gross margin 42.8%; diluted EPS $0.48

- FY2027 adjusted EPS guide $1.15–$1.35 excludes about $0.15 of Pace expense

- Pace savings about $2.5B cumulative through FY2031 before $1B additional charges and reinvestment

- FY2026 FCF $2.184B versus $2.407B cash dividends; current net financial cash $475M

- SELL, $25 central value, $25.30 weighted, $16–$40 scenarios; saved $32.78 after-hours reference

What to watch: Improve direct demand and Greater China, sustain gross margin and demonstrate cash retained after restructuring and distributions.

Full research packet: https://chargedalpha.com/research/nke-q1-fy2027

Also on YouTube: @ChargedAlpha

DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.