# Nike stock falls after revenue miss

> Nike stock drops 4% as revenue misses forecast and layoffs planned for 2027.
- Title: Nike stock falls after revenue miss · The Economic Times
- Summary: Nike stock drops 4% as revenue misses forecast and layoffs planned for 2027. Nike reported $11.21 billion revenue for Q1 2027, down 4% from $11.32 billion…
- Keywords: nike, revenue, layoffs, 2027, stock, forecasts, revenue decline, business, finance, falls, miss, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/news/international/us/nike-stock-falls-after-revenue-miss-nke-forecasts-2027-revenue-decline-and-announces-layoffs-heres-what-investors-need-to-know/articleshow/134627113.cms
- Author: Shreya Biswas
- Published: 2026-10-01T21:32:00+00:00
- Read time: 1 min
- Topics: nike, revenue, layoffs, 2027, stock, forecasts, revenue decline, business, finance
## Nike stock falls
Nike stock dropped 4% in after-hours trading after announcing layoffs for 2027 and a revenue decline forecast for fiscal 2027.
## Revenue misses forecast
Nike reported fiscal first-quarter revenue of $11.21 billion, down 4% from $11.32 billion expected by analysts.
## Earnings beat expectations
Earnings per share came in at 48 cents, ahead of the 43 cents expected, while net income fell to $712 million from $727 million.
## Layoffs announced for 2027
Nike announced layoffs for 2027 as part of a restructuring plan to address revenue decline forecasts.
## Revenue decline forecast
Nike forecasts revenue decline by a high-single-digit percentage in fiscal 2027, despite beating quarterly earnings per share expectations.
## Key takeaway

Nike reported $11.21 billion revenue for Q1 2027, down 4% from $11.32 billion expected, with layoffs announced for 2027 and revenue decline forecast.