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Nike stock: Nike announces significant layoffs and restructuring plan, warning of revenue decline in fiscal 2027. Despite beating earnings expectations, shares drop after-hours. Key insights on Nike
Nike’s fiscal 2027 Q1 revenue fell 4% to $11.2 billion as it unveiled Pace, targeting $2.5 billion in cumulative savings through fiscal 2031.
Revenue fell 4.00 percent in fiscal first quarter 2027. Nike stock costs EUR 29.88 on October 6, 202