Moody's Ratings changes Nike's outlook to negative, affirms A2
NKE•Moody's Ratings changed Nike's outlook to negative and affirmed its A2 rating. It expects Nike's revenue and earnings to decline through fiscal 2027 and into fiscal 2028, with strategic actions pressuring earnings and constraining credit metrics.
1. Outlook turned negative
Moody's Ratings said the negative outlook reflects Nike's turnaround taking longer than previously anticipated. It expects revenue and earnings to decline through the fiscal year ending May 2027 and into fiscal 2028, while strategic actions are expected to pressure earnings and constrain credit metrics over that period.
