Nike's upcoming fiscal first-quarter 2027 earnings call on October 1 follows fiscal 2026 results showing reported revenue of $46.4 billion (flat year-over-year) and Q4 revenue of $10.97 billion (down 1% reported), with North America up 3% while Greater China fell 12%. Executives are likely to address the ongoing turnaround under CEO Elliott Hill, including inventory reductions exceeding $2 billion in classic footwear, supply-chain efficiencies targeting margin expansion, and progress in performance categories such as running. Forward commentary will center on low- to mid-single-digit revenue declines expected over the next several quarters amid softer sell-through and macro pressures, gross-margin trajectory (supported by prior tariff recoveries), SG&A discipline, and tariff uncertainty at incremental rates of 10-15%. Traders will monitor any updates to North America wholesale momentum and China recovery signals against analyst estimates for the quarter.