Nike’s first-quarter earnings beat Wall Street expectations

Nike blew past the Street’s expectations in its latest earnings report. The sportswear giant disclosed fiscal first-quarter 2026 earnings of $0.49 per share on revenue of $11.7 billion after the bell Tuesday. That represents a 1% jump in revenue on a “reported basis” from the same period last year, Nike said. Still, the company's net profit tanked 31% to $700 million. Jefferies analysts expected an EPS of $0.29 on revenue of about $11.2 billion for the quarter, which ended on Aug. 31. Zacks Research , mea ...