Business
Add as a preferred source on GoogleThe label represented 13% of Nike’s worldwide business in the quarter ended Aug. 31, while its revenue declined by a mid-teens percentage.
Nike’s Jordan Brand generated 13% of the company’s worldwide business in the quarter ended Aug. 31.
The label’s revenue fell in the mid-teens during the first quarter of fiscal 2027. Nike reported companywide revenue of $11.213 billion for the quarter, 4% below the year-earlier total.
Nike forecast revenue to decline by a high-single-digit percentage for fiscal 2027.
Adjusted EBITDA margin reached 37.9%, while country exits reduced organic growth by around one percentage point.
Revenue rose 38% to €388.8 million, and EBITDA more than doubled to €60.3 million in the unaudited quarter.
Nintendo kept its forecast for 16.5 million Switch 2 units in the fiscal year ending March 2027. Revenue and net profit were below LSEG average estimates, CNBC reported.
