8-KItem 2.02 · Results of OperationsItem 2.05 · Exit/Disposal CostsItem 9.01 · Financial Statements
Nike reports lower first-quarter sales and launches $2.5 billion savings plan
Filed with the SEC on · Summarized by InvestorsBot
Nike reported fiscal 2027 first-quarter revenue of $11.2 billion for the period ended August 31, 2026, down 4%, with net income falling 2% to $712 million and diluted EPS of $0.48; Greater China revenue fell 22% and Converse revenue declined 28%. The company launched its Pace operating transformation, targeting approximately $2.5 billion in cumulative savings through fiscal 2031 against about $1.0 billion in pre-tax charges, and expects fiscal 2027 revenue to decline by a high-single-digit percentage with adjusted EPS of $1.15 to $1.35.