Episode Details

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.