Nike gains after strong apparel sales offset a decline in footwear
Sep. 30, 2025 4:25 PM ETNIKE, Inc. (NKE) StockDECK, SKX, ADDYY, UAA, LULUBy: Clark Schultz, SA News Editor
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Nike (NYSE:NKE) gained in postmarket trading on Tuesday after delivering a better-than-feared FQ1 earnings report.
Revenue was up 1% year-over-year on a reported basis to $11.7 billion. On a constant currency basis, revenue was down 1% for the quarter. Total footwear revenue was down 1% to $7.4
Quick Insights
Nike reported better-than-feared earnings, with revenue, footwear, and apparel segments topping consensus forecasts.
Gross margin decreased due to higher discounts, channel mix, and tariffs, while net income fell 31% year-over-year mainly from lower average selling prices and increased costs.
Nike’s CEO emphasized ongoing efforts to align sports, geographies, and channels, expressing confidence in the current strategy and long-term portfolio maximization.
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