Nike (NYSE:NKE) exceeded revenue expectations in the first quarter of the calendar year 2025, but experienced a 9.3% decline in sales, reaching $11.27 billion. The company's GAAP profit per share of $0.54 surpassed analysts' predictions by 94.9%.

Nike's Q1 CY2025 performance showcases revenue of $11.27 billion, surpassing analyst projections of $11.02 billion by 2.3% despite a 9.3% year-on-year drop. The GAAP EPS stood at $0.54, surpassing estimates of $0.28 by 94.9%. The operating margin decreased to 7.3% from 10.7% compared to the previous year. Constant currency revenue fell by 7% year-on-year, contrasting the 0% change in the previous year. Nike has a market capitalization value of $108 billion.

President and CEO of Nike, Elliott Hill, mentioned that progress made towards the 'Win Now' strategic goals solidifies confidence in the company's direction. Formerly known as Blue Ribbon Sports, Nike (NYSE:NKE) initially distributed Japanese Onitsuka Tiger sneakers and has since evolved into a global powerhouse in athletic footwear, apparel, equipment, and accessories.

Regarding sales growth, Nike's 3% annualized revenue increase over the past five years has been deemed relatively weak and below standards. The company's revenue decreased by 2.8% annually in the previous two years, indicating a fluctuating trend. By analyzing constant currency revenue metrics over the last two years, which exclude currency fluctuations, Nike sustained an average 2% year-on-year decline, showcasing effective foreign currency exposure management.