Form 8-K · Current report
Nike, Inc. 8-K, filed Oct 1, 2026
- Filed
- CIK
- 0000320187
- Accession no.
- 0000320187-26-000184
Summary
Nike reported fiscal 2027 first-quarter revenue of $11.2 billion, down 4 percent from a year earlier, gross margin of 42.8 percent and diluted earnings per share of $0.48, and announced Pace, a multi-year operating-model and cost program it expects to yield roughly $2.5 billion in cumulative savings and about $1.0 billion in pre-tax charges through fiscal 2031. The program, which builds on a March 2026 cost realignment plan, includes a new campus in India, a realignment into three geographies and further streamlining, and Nike guided to a high-single-digit revenue decline for fiscal 2027.
Key points
- Gross margin expanded 60 basis points to 42.8 percent, primarily on lower warehousing and logistics costs, while selling and administrative expense fell 3 percent to $3.9 billion.
- Nike Direct revenues fell 8 percent to $4.1 billion and Converse revenues fell 28 percent to $263 million; NIKE Brand wholesale revenues were $6.8 billion, down 1 percent.
- Nike said it is taking actions to reposition NIKE Sportswear, Jordan Brand and Greater China.
- For fiscal 2027, Nike expects revenues to decline high-single digits and adjusted diluted earnings per share of $1.15 to $1.35, excluding about $0.15 of Pace restructuring expenses.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 2.05Costs Associated with Exit or Disposal Activities
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition Today NIKE, Inc. (the "Company") issued a press release disclosing financial results for the fiscal quarter ended August 31, 2026. The text of the release is furnished herewith as Exhibit 99.1. Item 2.05 Costs Associated with Exit or Disposal Activities On October 1, 2026, the Company announced a multi-year enterprise program, which includes and builds upon the previous cost realignment plan announced in March 2026, collectively known as Pace (the "program"). The program is intended to enhance productivity, improve organizational effectiveness, and decrease the Company’s cost structure. …
An excerpt of the text as filed with the SEC, cut for length.
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