Nike, Inc. (NKE)

The company now

Nike reported on 1 October 2026 that revenue for the three months to 31 August was $11.2 billion, down 4 percent from a year earlier 2. Net income, the profit left after every cost and tax, was $712 million against $727 million 2. Gross margin, the share of revenue left after the cost of the goods, rose 60 basis points to 42.8 percent, mainly on lower warehousing and logistics costs 2.

The fall came from outside North America, where revenue rose 2 percent to $5.13 billion 2. Greater China fell 22 percent in dollars and 26 percent at constant currency, and Converse fell 28 percent to $263 million 2. The chief executive, Elliott Hill, said the performance business "is not yet large enough to offset the pressure" from Sportswear, Jordan Brand and Greater China 4.

The same day Nike set out Pace, a program to fold its four regions into three, open a campus in India and cut roles 1. The company expects about $1.0 billion of pre-tax charges, mostly severance, and about $2.5 billion of cumulative savings through fiscal 2031 1. It expects fiscal 2027 revenue to decline by a high-single-digit percentage 2.

Nike told Fox Business it will give more detail on the restructuring at its investor day on 16 and 17 November 8. That meeting is where the company says it will set out its long-term financial goals 48.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.