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Facing Another Reset as Weakness to Persist Into Fiscal 2028, BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2672233710","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2672233710?lang=en_us&edition=fundamental","pubTime":"2026-10-02 22:51","pubTimestamp":1790952678,"startTime":"0","endTime":"0","summary":"Nike  is facing another reset, with weakness in Sportswear, Jordan Brand and Greater China expected to persist into fiscal 2028 amid weaker sell-through and excess inventory, limiting visibility on a sales turnaround, BofA Securities said in a Friday note.Management now expects fiscal 2027 sales to decline by a high-single-digit percentage, with adjusted earnings per share of $1.15 to $1.35 versus a market consensus of $1.67.Nike introduced a $2.5 billion gross cost-savings program through fiscal 2031 and reaffirmed its dividend commitment. Sportswear sales, which represented about 50% of Q1 revenue, fell at a low-double-digit rate, while Jordan Brand sales declined at a mid-teens rate.Performance was a bright spot, growing at a high-single-digit rate in the first quarter, with running, football, tennis and golf each posting double-digit growth. BofA expects Nike's innovation pipeline to be a focus at its November investor day, the report added.BofA reiterated its underperform rating 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