NIKE Q1 revenue falls 4.3% to $11.2B; new $1B Pace restructuring program announced

Filed October 2, 2026 · Period ending August 31, 2026 · Compared to 10-Q Oct 1, 2025 · ~1 min read

Key Changes

• high

  Revenue declined 4.3% to $11.2B, with Greater China down 22% and Converse down 28%; gross margin rose 60bps to 42.8%.

  MD&A: Revenue and gross margin verify on EDGAR →
• high

  New multi-year Pace restructuring program announced, with $1.0B in pre-tax charges expected through fiscal 2031, plus $0.3B in severance costs already recognized.

  MD&A: Pace program verify on EDGAR →
• high

  Net income fell 2.1% to $712M, and diluted EPS fell 2.0% to $0.48, as higher tax rate and restructuring costs offset margin gains.

  Notes: Revenue and net income view on EDGAR →