PREVIEW: Nike rises ahead of report as analysts expect shrinking sales

NIKE

01/10/2026 20:00

** Nike NKE.N shares rise 2% ahead of quarterly results after the bell, with focus on shrinking sales as it struggles with competition from rivals
** The sportswear heavyweight is expected to report a 3% fall in quarterly revenue to $11.32 bln and adjusted EPS of 43 cents vs 49 cents a year ago, per data compiled by LSEG
** French soccer star Kylian Mbappe this month ended a two-decade partnership with NKE to join Swiss sportswear brand On, handing the US co another high-profile defection
** Stock has sunk ~43% YTD, underperforming a 12% rise in the S&P 500 .SPX
** Stock recently traded at 20x expected earnings, below its 10-year average of 29x, per LSEG

(Reporting by Noel Randewich)
((noel.randewich@thomsonreuters.com))