Nike said revenues for the 3-month period ended August 31, 2026 were $11.2 billion, down 4% on a reported basis and down 5% on a currency-neutral basis. Gross margin expanded 60 basis points to 42.8%.

1. 01

   Nike said revenues for the 3-month period ended August 31, 2026 were $11.2 billion, down 4% on a reported basis and down 5% on a currency-neutral basis. Gross margin expanded 60 basis points to 42.8%.

2. 02

   The company said selling and administrative expense decreased 3% to $3.9 billion as of Q1, net income was $0.7 billion, down 2%, and diluted earnings per share was $0.48. On a table basis, net income was 712 in millions, down from 727 in millions in the same period last year.

3. 03

   Nike said it expects the Pace program to deliver approximately $2.5 billion in cumulative savings through fiscal 2031, with approximately $1.0 billion in pre-tax charges expected to be incurred. This is in addition to approximately $0.3 billion in severance costs recognized in fiscal 2026, and the company expects approximately $0.3 billion to be recognized in fiscal 2027.

4. 04

   Nike said revenues for fiscal 2027 are expected to decline high-single digits and adjusted diluted earnings per share is expected to be in the range of $1.15 to $1.35. As of August 31, 2026, cash and equivalents and short-term investments were $8.4 billion, down approximately $0.2 billion.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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