Form 10-Q · Quarterly report
Nike, Inc. 10-Q, filed Oct 2, 2026
- Filed
- CIK
- 0000320187
- Accession no.
- 0000320187-26-000193
Summary
Nike, Inc. reported first-quarter fiscal 2027 revenues of $11.2 billion, down 4% from a year earlier, with net income of $712 million and a gross margin of 42.8%. The company announced a multi-year enterprise program called Pace expected to incur about $1.0 billion in pre-tax charges and deliver about $2.5 billion in cumulative savings through fiscal 2031, including a realignment into three geographies in fiscal 2028 and a new campus in India.
Key points
- First-quarter fiscal 2027 NIKE Direct revenues were $4.1 billion, down from $4.5 billion; wholesale revenues were $6.8 billion, flat; Converse revenues fell 28% to $263 million.
- Inventories were $7.8 billion as of August 31, 2026, up 5% from May 31, 2026, and Nike returned approximately $0.6 billion to shareholders through dividends in the quarter.
- Nike said additional actions for NIKE Sportswear and Jordan Brand are expected to extend beyond fiscal 2027, and actions for Greater China are also expected to extend beyond fiscal 2027.
- The Pace program includes supply-chain optimization and organizational streamlining, with approximately $0.3 billion of charges expected in fiscal 2027 and the remainder expected through fiscal 2031.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT'S DISCUSSION OVERVIEW NIKE designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and services worldwide. We are the largest seller of athletic footwear and apparel in the world. We sell our products through two distribution channels: NIKE Direct operations which are comprised of both NIKE-owned retail stores and sales through our digital platforms (also referred to as "NIKE Brand Digital") and to wholesale accounts, which include a mix of independent distributors, licensees and sales representatives in nearly all countries around the world. …
An excerpt of the text as filed with the SEC, cut for length.
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