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AI brief of an SEC Form 8-K · Nike (NKE)

NIKE Q1 revenue falls 4% to $11.2 billion; launches $1.0 billion Pace restructuring

Negative Impact 4 of 5 restructuring Written later

NIKE reported fiscal first-quarter 2027 revenue of $11.2 billion, down 4%, and diluted EPS of $0.48 versus $0.49 a year earlier. The company also announced the Pace multi-year program, with about $1.0 billion of expected pre-tax charges and about $2.5 billion of cumulative savings through fiscal 2031, and guided to a high-single-digit revenue decline for fiscal 2027.

Key points

  • Q1 revenue $11.2 billion, down 4% reported and 5% currency-neutral; net income $0.7 billion, down 2%
  • Pace expected pre-tax charges of about $1.0 billion, plus about $0.3 billion of severance already recognized in fiscal 2026
  • Pace expected to deliver about $2.5 billion in cumulative savings through fiscal 2031, before charges and reinvestment
  • Fiscal 2027 outlook: revenues to decline high-single digits; adjusted diluted EPS $1.15 to $1.35

The filing

CompanyNike (NKE)
Form8-K, current report
Filed with the SECOct 1, 2026, 4:15 PM ET
Accession number0000320187-26-000184

Items reported: 2.02 Results of Operations2.05 Exit / Restructuring Costs

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.