Nike Q1 net income falls to $0.7 billion; revenue drops 5% to $11.2 billion year over year
Bitget2026/10/01 20:16- Nike posted first-quarter revenue of USD 11.2 billion, down 4% year over year.
- Gross margin widened 0.6 percentage points to 42.8%, while selling and administrative expense slipped to USD 3.9 billion.
- Net income eased to USD 0.7 billion, while diluted earnings per share was USD 0.48.
- Converse revenue fell 28% to USD 263 million, and NIKE Direct revenue dropped 8% to USD 4.1 billion.
- Management launched “Pace,” targeting about USD 2.5 billion in cumulative savings through FY31; FY27 revenue is seen declining high-single digits.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
10-Yr Benchmark Govt Yields - U.S. vs Other Nations
Current Spread in Yield Basis Points U.S. 5.262 % Australia 5.347 % 8.5 Belgium 4.339 % -92.3 Canada 3.944 % -131.8 Denmark 3.268 % -199.4 France 4.866 % -39.6 Germany 3.475 % -178.7 Italy 4.604 % -65.8 Japan 3.091 % -217.1 Netherlands 3.577 % -168.5 Spain 4.087 % -117.5 Sweden 3.146 % -211.7 U.K. 5.369 % 10.7 Source: Tullett Prebon via FactSet (END) Dow Jones Newswires October 05, 2026 01:10 ET (05:10 GMT)
10-Yr Benchmark Govt Yields - Germany vs Other Nations
Current Spread in Yield Basis Points Germany 3.475 % Australia 5.347 % 187.2 Belgium 4.339 % 86.4 Canada 3.944 % 46.9 Denmark 3.268 % -20.7 France 4.866 % 139.1 Italy 4.604 % 113.0 Japan 3.091 % -38.4 Netherlands 3.577 % 10.2 Spain 4.087 % 61.2 Sweden 3.146 % -32.9 U.K. 5.369 % 189.4 U.S. 5.262 % 178.7 Source: Tullett Prebon via FactSet (END) Dow Jones Newswires October 05, 2026 01:10 ET (05:10 GMT)
Tanzania renews Barrick North Mara gold mine licenses for 15 years
Tanzania renewed special mining licenses for Barrick’s North Mara gold mine for 15 years, securing long-term operating rights. Renewal supports continued investment plans, employment, local procurement, tax payments, royalties, dividends in Tanzania. Barrick injected about $5.3 billion into the Tanzanian economy since 2019, including $1.2 billion in 2025. Twiga Minerals structure remains in place, with Tanzania holding 16% in each mine and economic benefits split equally. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Barrick Mining Corporation published the original content used to generate this news brief on October 06, 2026, and is solely responsible for the information contained therein.
Schwab Strategist Warns a Single Mega-Cap Capex Miss Could Disrupt the AI-Driven Market
Crypto prices
More
