Core Insights - Nike, Inc. is a leading global provider of athletic shoes, apparel, and sports equipment, focusing on sustainability and advanced sports technology [1][2] - The company has a market capitalization of $95.48 billion, reinforcing its position as a leader in the sportswear industry [2] Stock Performance - Nike's stock has faced pressure due to subdued consumer sentiment, declining 19.7% over the past 52 weeks and 16% over the past three months [3] - The stock reached a 52-week low of $52.28 in April but has since increased by 19.8% from that level [3] - Compared to the S&P 500 Index, which gained 19.6% and 9.8% over the same periods, Nike's stock is underperforming the broader market [4] - The stock has also underperformed the Consumer Discretionary Select Sector SPDR Fund (XLY), which gained 21% over the past 52 weeks and 12.1% over the past three months [4] Financial Performance - For the first quarter of fiscal 2026, Nike's revenues increased by 1% year-over-year to $11.72 billion, despite facing market headwinds [5] - Gross profit declined by 6% annually to $4.94 billion, while inventories dropped by 2% to $8.10 billion [5] - The company returned approximately $714 million to shareholders in the first quarter [5] Analyst Outlook - Wall Street analysts expect Nike's EPS to drop 23.6% year-over-year to $1.65 for fiscal year 2026, which ends in May 2026 [6] - However, EPS is projected to increase by 50.3% to $2.48 in fiscal 2027 [6] - Nike has a solid history of surpassing consensus EPS estimates, having topped them in all four trailing quarters [6]